Argentina: Milei's First 100 Days of Economic Experiment

Javier Milei, the unexpected President of Argentina, has faced challenges during his first 100 days in office. He promised to revitalize the ailing economy through painful shock therapy, which includes deregulating all sectors, privatizing public companies, lowering taxes, and replacing the peso with the dollar while shuttering the Central Bank. However, Argentina has seen an increase in poverty levels, which contrasts with Milei's initial fiscal achievements. The rental market is now fully controlled by landlords without government intervention. While Milei has carried out a draconian fiscal adjustment within three months, societal tensions are growing as a result. There seems to be conflicting information regarding the extent of Milei's reforms and their impact on poverty levels.