Javier Millei is still crazy, but his dogs seem to be giving good advice. His economic policies are pretty much exactly what mainstream economists recommend, and they're working well!
Monthly inflation fell below 2% for two consecutive months, reaching 1.6% in June 2025. Inflation had peaked at over 200% annually at the end of 2023.
. . .
For lower-income groups, the shift was even sharper. Their incomes rose 8.5% in early 2025, while the cost of the basic food basket increased by just 2% over six months.
. . .
The government’s strict spending cuts, subsidy rollbacks, and monetary tightening—widely criticized for their short-term impact—nonetheless helped stabilize the peso and slow inflation.
Though painful, these policies created conditions for real incomes to recover, especially at the lower end of the wage scale. The speed of the poverty drop—over 21 percentage points in just one year—offers a rare signal of social improvement.
Javier Millei is still crazy, but his dogs seem to be giving good advice. His economic policies are pretty much exactly what mainstream economists recommend, and they're working well!
I’d love a good aggregation of notable times when institutions grappled with an issue for years only to have it fixed by implementing the most obvious or heavily recommended solution. It’s not the...
I’d love a good aggregation of notable times when institutions grappled with an issue for years only to have it fixed by implementing the most obvious or heavily recommended solution. It’s not the first such instance I’ve heard of. I think it would teach me a lot about the realities of governance.
The situation in Argentina shows macroeconomic fundamentals at work. The previous government tried to tamper inflation through price and rent controls, which only resulted in black markets, people...
The situation in Argentina shows macroeconomic fundamentals at work. The previous government tried to tamper inflation through price and rent controls, which only resulted in black markets, people trading in dollars rather than pesos, landlords preferring short contracts and jacking up rental rates in anticipation of hyperinflation, and so on.
Now, the country’s new president, Javier Milei, has scrapped the rental law, along with most government price controls, in a fiscal experiment that he is conducting to revive South America’s second-biggest economy.
The result: The Argentine capital is undergoing a rental-market boom. Landlords are rushing to put their properties back on the market, with Buenos Aires rental supplies increasing by over 170%. While rents are still up in nominal terms, many renters are getting better deals than ever, with a 40% decline in the real price of rental properties when adjusted for inflation since last October, said Federico González Rouco, an economist at Buenos Aires-based Empiria Consultores.
Offtopic, what's the line between ~society and ~news? This post is tagged politics which is fair, but the description on ~news says it includes politics as well. Does this kind of post not fit...
Offtopic, what's the line between ~society and ~news? This post is tagged politics which is fair, but the description on ~news says it includes politics as well. Does this kind of post not fit under general news?
That ~news group description was written before ~society existed, so it should probably be rewritten at this point to remove the reference to politics and opinion pieces (cc: @Deimos) since...
That ~news group description was written before ~society existed, so it should probably be rewritten at this point to remove the reference to politics and opinion pieces (cc: @Deimos) since ~society is the primary group for everything politics these days. As for ~news, it's a bit like ~misc, acting as merely a dumping ground for topics that don't really fit in any other groups.
Javier Millei is still crazy, but his dogs seem to be giving good advice. His economic policies are pretty much exactly what mainstream economists recommend, and they're working well!
I’d love a good aggregation of notable times when institutions grappled with an issue for years only to have it fixed by implementing the most obvious or heavily recommended solution. It’s not the first such instance I’ve heard of. I think it would teach me a lot about the realities of governance.
The situation in Argentina shows macroeconomic fundamentals at work. The previous government tried to tamper inflation through price and rent controls, which only resulted in black markets, people trading in dollars rather than pesos, landlords preferring short contracts and jacking up rental rates in anticipation of hyperinflation, and so on.
From the WSJ (archived):
Perhaps we had our Milei in 1995 with Fernando Henrique Cardoso in Brazil. But we got the economic adjustment without the unnecessary nonsense.
Possibly of interest:
What to make of Javier Milei's early successes
Offtopic, what's the line between ~society and ~news? This post is tagged politics which is fair, but the description on ~news says it includes politics as well. Does this kind of post not fit under general news?
cc: u/mycketforvirrad u/cfabbro
The bulk of politics goes in ~society. ~news is predominantly for crime these days.
That ~news group description was written before ~society existed, so it should probably be rewritten at this point to remove the reference to politics and opinion pieces (cc: @Deimos) since ~society is the primary group for everything politics these days. As for ~news, it's a bit like ~misc, acting as merely a dumping ground for topics that don't really fit in any other groups.