Greetings from Argentina you freedom-loving Nostriches. 🇦🇷
1 year of Milei, and what a ride it's been. Let's run through the highlights from the past 12 months, shall we?
Balanced the books: Eliminated the fiscal deficit and posted our first surplus in 15 years.
Lean government: Cut ministries down from 18 to 8.
Stable currency: Regained control of the foreign exchange market, enabling over USD 20 billion in Central Bank purchases.
Tamed inflation: Brought it down from 25% to 2.7% without price controls or draining reserves.
Unified exchange rate: Narrowed a 200% exchange gap to zero.
Interest rate relief: Slashed rates from 111% to 32%.
Monetary cleanup: Defused the LELIQ hyperinflationary threat.
No more money printing: Stopped financing the Treasury by issuing currency.
Lower risk: Reduced country risk from 2,000 to 750 points.
Housing boost: Repealed the Rental Law, increasing availability and cutting real rental costs.
No more blockades: Implemented an anti-blockade protocol to end road shutdowns.
Cleaning house: Closed corrupt trust funds.
Streamlined institutions: Shut down INADI, TELAM, and the Ministry of Women, Gender, and Diversity.
Academic accountability: Closed the University of the Mothers of Plaza de Mayo.
Tax overhaul: Replaced AFIP with ARCA, shrinking bureaucracy and workforce.
Privatization push: Began selling Belgrano Cargas Railway, with more to follow.
Culture reset: Removed militant staff at INCAA and slashed its bloated budget.
Full audit: Examined the entire National Public Sector, including universities.
No perks: Cut political privileges like private chauffeurs and lavish catering.
Presidential efficiency: Reduced presidential staff and ended daily helicopter commutes.
Healthcare choice: Let workers pick their own health insurance plans.
Fiscal discipline: Vetoed irresponsible bills to protect zero deficit policies.
Currency freedom: Legalized the blue dollar and informal exchanges.
Historic reform: Passed the Bases Law, the biggest state overhaul in Argentine history.
Progressive pact: Signed the May Pact for political and economic modernization.
Criminalizing recklessness: Proposed making unbacked money printing a crime.
Modern labor laws: Issued DNU 70/23 for a more flexible job market.
Deregulation drive: Freed private healthcare, pharma, automotive registries, and airports from red tape.
End of graft: Stopped public works projects as vehicles for corruption.
Safer streets: Intervened in Rosario, cutting homicides by 70% and achieving a murder-free month.
Open governance: Held a historic public town hall on May 25.
Patriotic revival: Restored national pride in the Armed Forces with parades and big investments.
Stronger defense: Acquired 24 F-16 jets and planned a U.S.-backed naval base in Ushuaia.
Tech partnerships: Met with Musk, Cook, Pichai, Zuckerberg, and Altman to attract investment.
Global spotlight: The only leader at Trump’s victory celebration and the first to snap a post-election photo with him.
Tech ambition: Aiming to place Argentina among the world’s top four tech hubs.
Drug crackdown: Achieved record-breaking narcotics seizures.
Market trust: Removed price controls and stabilized the pricing system.
Free trade: Eliminated restrictive import controls (SIRAs).
Performance-based public sector: Fired 30,000 unproductive employees and mandated competency exams for all.
Inflation victory: Reduced Buenos Aires inflation from 21.1% to 3.2% in just months.
Dollar access: Lifted restrictions and bans on purchasing dollars.
Better pensions: Raised minimum pensions from USD 86 to USD 230, indexed to inflation.
Sometimes I have to pinch myself at how quickly this country is changing. Let's hope 2025 we continue to see the State apparatus shredded to bits.
Abrazo de libertad!
