Sebastian Bensusan on Milei reform impressions (from my email)
This was great:
https://marginalrevolution.com/marginalrevolution/2023/12/argentina-reform-impressions.htmlI think the biggest things that you missed are:
1. He is using the same “emergency measures” (DNUs ~ Executive Orders) that the Kirchner’s used. Many of the things in that DNU are very hard to justify as emergency measures and as such, I consider the method unconstitutional. In other words, he is playing dirty.
2. Many of the things in the bill are not directly relevant to the immediate economic crisis, are not necessarily why he was voted in, and are especially offensive to the side of the country that didn’t vote for him. For example, removing Ley de Tierras is not going to bring foreign investment immediately (nobody wants to invest in Argentina at this time) but it infuriates the losing side further. It is another example of him being ideologically driven. The more of these crusades he fights at the same time, the more likely a strong coalition forms against him.