For 21st century Argentina, where annual inflation reached its zenith at 211.4 percent in 2023, President Javier Milei's reforms could be exactly what Argentina needs.
In the Argentine tango, there is a tender balance of give and take, an enticing exchange of power called 'duende,' which Argentines bring to the ebb and flow of life. But for the past 80 years, the gargantuan Argentine political establishment has been taking without giving back in the dance of power. The tide of Argentina's history has not ebbed toward fiscal responsibility or true democracy.
When the bill failed to pass legislation, the Milei administration temporarily withdrew the bill, noting, 'We don't need it now, only in the long-term.'For 21st century Argentina, where annual inflation reached its zenith at 211.4 percent in 2023, Milei's reforms could be exactly what Argentina needs.And there could already be signs Milei's plan is working. In December, his team reevaluated the Argentine peso and implemented a 50 percent devaluation .
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