More or Less: Behind the Stats
Has Milei fixed Argentina’s inflation problem?
Apr 26, 2024
Economist Monica de Bolle discusses the impact of Javier Milei's economic measures in Argentina, exploring the decrease in inflation rate and its implications. The podcast delves into the country's economic struggles, transition to market-driven pricing, issues of inflation and poverty, and challenges of implementing reforms amidst public unrest.
08:58
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Quick takeaways
- Javier Milei's economic shock measures in Argentina have initially reduced monthly inflation rates, but yearly inflation remains high.
- Millet's radical economic reforms may worsen social conditions in Argentina, despite aligning with economic theory.
Deep dives
Argentina's Inflation Situation
Argentina's new president, Javier Millet, inherited an economy in turmoil with skyrocketing inflation rates. While the monthly inflation rates seem to have decreased since Millet took office, the yearly inflation still remains alarmingly high, nearing 300 percent. Millet's drastic economic policies, including removing price controls and government subsidies, initially caused inflation to spike before a slight decrease. However, the falling inflation rate may also be attributed to the severe poverty plaguing the country, affecting consumer purchasing power and economic stability.
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