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Four months into office, Argentine President Javier Milei has pulled off a critical feat in a country long ravaged by runaway inflation: He stabilized the currency.
You can get data to tell any story you want if you choose your own presentation. Sure, it might be up a lot, but that’s only from the record low three months ago, and it’s positively skyrocketed from 0.00066 USD to… a whopping 0.00097 USD. (And before anyone accuses me of Americentrism, it’s followed the yuan and ruble similarly.) Compared to six months ago, it’s down slightly, and compared to a year ago, it’s down about 55%, still pretty bad.
You can get data to tell any story you want if you choose your own presentation. Sure, it might be up a lot, but that’s only from the record low three months ago, and it’s positively skyrocketed from 0.00066 USD to… a whopping 0.00097 USD. (And before anyone accuses me of Americentrism, it’s followed the yuan and ruble similarly.) Compared to six months ago, it’s down slightly, and compared to a year ago, it’s down about 55%, still pretty bad.