Just days after taking office, and on the eve of the festive holidays, Milei presented his DNU, or "necessary and urgent" decree to loosen some of the rules governing the country's economy as annual inflation hit 160%.
  • hitmyspot@aussie.zone
    2·
    11 months ago

    I think it’s going to depend on if he’s just about deregulation. The over regulation was causing problems. Inflation is still ridiculous. The priority is to stabilize and allow trade internally and internationally.

    I think it’s more a political gamble at this point. For instance, winding back trial periods from 3 months to 8 months will only affect a small sunset of workers, so it’s not a huge economic risk, but it might give businesses more certainty to hire. So it’s not completely loopy, but if it’s all deregulation and no plan, with no future, better regulation, it’ll become more of a banana Republic.