Mileise
The hyperinflationary economic collapse brought about in Argentina since late 2023, by newly-elected far-right President Javier Milei - mainly by way of shock devaluation, price deregulation, and the defunding of subsidies (all by decree).
The stated goal is to force Argentina's dollarization - but Milei himself appears ignorant of the fact that he'd have to cover 45 trillion pesos (between deposits and cash), making the goal unreachable without pulverizing the country's economy.
The stated goal is to force Argentina's dollarization - but Milei himself appears ignorant of the fact that he'd have to cover 45 trillion pesos (between deposits and cash), making the goal unreachable without pulverizing the country's economy.
Prices have almost doubled in three months, while wages have barely budged - so it's small wonder that (already struggling) Argentines are spending 30% less than before this MILEISE.
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