Economist Podcasts Let Milei this out: Argentina’s midterms surprise
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Oct 27, 2025 
Hal Hodson, America editor at The Economist, discusses the surprising electoral victory of Javier Milei and its implications for Argentina's economy. Tom Nuttall, the Berlin bureau chief, highlights Germany's stagnant reforms under Chancellor Friedrich Merz and the political ramifications. Meanwhile, William Warren explores the resurgence of challenging video games, examining how player expectations for difficulty have shifted over the decades and the balance between challenge and accessibility in modern game design.
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Milei's Midterm Win Stabilises His Project
- Javier Milei's party won a surprising midterm landslide that stabilises his government and policy agenda.
- The victory gives Milei enough seats to defend presidential vetoes but not to pass major reforms alone.
Victory Eases Market Pressure Quickly
- The election eases immediate market pressures: asset prices rise and the peso should stop sliding in the short term.
- That relief gives Milei breathing space and political ammunition to pursue deeper economic measures.
Float The Peso To Restore Monetary Normalcy
- Argentina should float the peso to let markets set its value and rely on normal monetary policy to tackle inflation.
- Floating would address the currency's overvaluation and reduce reliance on exchange-rate props that risk future crises.
