[unable to retrieve full-text content]Modern Argentina has had a problematic and sometimes sordid history. From the dirty war of the 1970s to hyperinflation, the South American nation has been ill-served by most of its leaders. Javier Milei was elected president of Argentina in October 2023 after campaigning to overturn the status quo and transform the economy and politics of […] The post Javier Milei: Argentina’s Trump? appeared first on Angry Bear.
Read More »Superinflation in Milei´s Argentina
Hyperinflation is defined as over 50% inflation per month. Let´s define ´normal´ inflation as anything between 0 and 1% per month and anything between 1 and 50% per month as superinflation (1% a month is still a lot, yearly!). Before President Milei, Argentina already knew superinflation. After Milei, inflation accelerated, and the country almost entered a period of hyperinflation. It´s still nearly 200% a year. The maximum monthly increase of the consumer price index was over 24%. These...
Read More »Podcast with about the never ending crisis in Argentina
[embedded content] Podcast with about the never ending crisis in Argentina with Fabián Amico, and myself and interview by Carlos Pinkusfeld Bastos and Caio Bellandi from the Lado B do Rio Revista, and sponsored by the Centro Celso Furtado (Carlos is the director). In Portuguese (but fine if you speak Spanish or at least Portuñol).
Read More »The Argentina of Javier Milei
[embedded content] A seminar organized by the Association for Heterodox Economics with myself, Ramiro Álvarez and the Argentine Senator Carolina Moisés.
Read More »Association for Heterodox Economics’ Webinar: The Argentina of Javier Milei
April 16th 2024 10am New York / 3pm LondonSince the beginning of the military dictatorship in March 1976, pro-market visions were imposed by violating human rights in the darkest period of Argentina’s history and occupied political thought for more than four decades, even in democracy. Although these ideas had a brief pause in the period 2003-2015, they are still in force and now more than ever under the new administration of Mr. Milei. Mr. Milei has imposed a huge depreciation of the...
Read More »On the New Argentine Pendulum
A short paper for FIDE on the so-called Argentine pendulum. The pendulum was the phrase used by Marcelo Diamand to discuss the persistent boom and bust cycles associated with left of center developmentalist governments, and liberal governments that promoted adjustment. The suggestion in this paper is that in reality the previous pendulum was mostly political, and about constraining the left of center ability to redistribute income (higher wages), often restricting democratic institutions....
Read More »Argentina and the Philippines: Similar development struggles
By Jesus Felipe and Matías VernengoALTHOUGH the economies of Argentina and the Philippines are very different, the two share structural problems that make both nations’ development a complex process. The election of Javier Milei as the new president elect of Argentina, gives us the opportunity to review the differences and parallels between the two economies.Milei is a radical libertarian populist economist with authoritarian tendencies. His proposals range from the dangerous in economics...
Read More »Milei e la dollarizzazione argentina
Articolo con Matias Vernengo sul nuovo presidente argentino e la sua proposta di dollarizzare il Paese, pubblicato su Il Fatto quotidiano lo scorso 27 novembre 2023. Il ritorno del neoliberismo in Argentina Matias Vernengo* e Sergio Cesaratto** Il presidente eletto dell'Argentina, Javier Milei, è un populista di estrema destra, con tendenze autoritarie semi- fasciste. È un ammiratore di Trump e Bolsonaro e ha affinità con molti leader di estrema destra europei come Giorgia Meloni....
Read More »Interview (in Spanish) with Diego Polanco about Milei and Argentina
[embedded content] First part of my interview with Diego Polanco on the Argentine election, and the never ending crisis of the economy. Second part in a couple of weeks.
Read More »Swift but Not Serious
I believe that I have caught a typographical error in the New York Times. The article is interesting, it alleges that Taylor Swift fans may decide the Argentinian presidential runoff (voting for the center left Sergio Massa and not for the right wing Javier Milie). A pop singer with actual measurable political influence (in a foreign country even) makes me think of the 70s as does Javier Milie’s hairstyle (longish, tousled, & with sideburns...
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