IO Podcast | Episode 65
The Javier Milei administration has brought some stability to the Argentine peso through spending cuts, lower inflation, market liberalization, and improved access to capital flows. However, for Martín Litwak—an international lawyer specializing in wealth management—these measures fall short.
Litwak argues Argentina still needs deeper reforms, particularly to reduce the tax burden and dismantle the union-dominated economy, which continue to deter investment. He emphasizes, though, that the reform process requires both time and public support. Expecting immediate results is like going to the gym for five days and expecting a transformation.
One key advantage Milei has is his constant media presence, which allows him to frame each step toward economic reform as a significant victory. Regarding monetary stability, Litwak upholds currency competition over a dollarization by law—as does Milei. This measure would appease the socioeconomic impact of a sudden imposition of a new currency and allow the government to continue improving fiscal conditions first.
Recommended Links
- Follow Martin Litwak on X.
- “Argentina’s Numbers No Longer Have to Lie,” Impunity Observer.
- “Javier Milei’s Ingenious Path to Currency Competition,” Impunity Observer.
- “How Union Parasites Are Paralyzing Argentina,” Impunity Observer.
