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When Secretary Bessent announced, last September, a negotiated $20 billion swap line for Argentina, along with a promise to do “whatever is needed” to stabilise the country, most analysts and think tanks stared in disbelief, even denial. Argentina had spent…
Javier Milei has been called many things. Critics call him el loco, the madman. Yet nothing in his behaviour resembles madness. Quite the opposite. A far better nickname for him would be The Myth Slayer. Every rule declared impossible by…
On his very first day as a congressman in 2021, a journalist asked Javier Milei, trying to mock him, what two lonely deputies could possibly do in a chamber of 257. Milei did not flinch. He solemnly quoted Maccabees 3:19:…
Most economists, columnists, and political commentators still don’t get Javier Milei. Even though he is arguably the most transparent politician in Argentina’s history, they don’t really listen to what he says. He has a clear game plan, and he has…
After months of speculation about Argentina’s currency regime, we finally have an answer: no change. Will the bands be eliminated? No. The exchange policy remains intact, and the pressure on the peso has eased. Before the election every newspaper and…
