US Edition
Milei’s Economic Shock Therapy and Argentina’s Behavioural Fault Lines
- Javier Milei took office as Argentina's economic leader at the end of 2023 and implemented drastic reforms to reduce inflation and revive growth.
- His rise followed decades of chronic economic instability marked by hyperinflation, fiscal mismanagement, social unrest, and repeated IMF interventions.
- Milei eliminated price controls, cut subsidies, reduced government payrolls, advocated abolishing the Central Bank, and secured a $20-billion IMF support package.
- By mid-2024, monthly inflation fell from over 20% to about 2%, the lowest in three years, while citizens increased formal and productive savings, signaling tentative trust rebuilding.
- Despite changes in policy and mindset, Argentina risks returning to past economic cycles without a long-term strategy integrating behavioural factors, especially amid Milei's emotionally charged rhetoric.
10 Articles
10 Articles
Milei’s Cuts Have Argentines Driving New Cars With Paper License Plates
Mariela Mailhe sells imported cars in one of Argentina’s flashiest neighborhoods. They come with electronically adjustable leather seats and panoramic sunroofs, but thanks in part to Javier Milei’s austerity campaign they roll off the lot with paper license plates.
The U.S. Embassy’s Strong Support for the Government: “Milei Is Implementing a Radical Change in Argentina”
Abigail Dressel, in charge of business, highlighted in the AmCham Summit 2025 economic changes in Argentina, underlining the growing cooperation between the two countries and calling for strengthening trade ties
The Wet Dream of Companies Made in the U.S. AMCHAM Lowered Economic and Political Line to Milei and PRO
At its annual meeting, the House that nucleates the American companies working in Argentina called for labor reform, tax reform and even claimed to accelerate the conservative alliance in the province of Buenos Aires. President Javier Milei and the Minister of Economy, Luis Caputo, were in charge of delivering closing speeches.
Coverage Details
Bias Distribution
- 67% of the sources lean Left
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