People talk themselves into getting mad about stuff but what happened here is that about 100 very left-wing economists signed a letter saying Milei would be a disaster.
A much more mainstream take was that his dollarization plan was unworkable and indeed he hasn’t done it.
Conversation
As wrote a while ago, what he’s been doing is following an IMF / expert consensus economic reform playbook.
And it’s working well!
He’s done a good job of navigating the tricky politics of implementing expert advice.
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So he's doing mainstream economic policies, not libertarian ones? Talk about success having 1000 fathers
It’s funny to me that dollarization is seen as populist when it’s the anti-nationalist position possible.
Cowen is libertarian and to the far right of most journalists. That's not a good pull
Apparently, how well it's working depends on who you ask and where you look.
Trouble with IMF-style policies is that austerity measures and structural reforms often exacerbate poverty.
And 'long term' benefits to lower & middle classes are often elusive.
Argentina has received bailouts on 18 different occasions. IMF is not a recipe for success and should be abolished.