Javier Milei: A financial expert as Argentine president? What his inauguration reveals about his economic policy

Javier Milei: A financial expert as Argentine president? What his inauguration reveals about his economic policy

According to a report by www.zeit.de, the inauguration of Javier Milei as the new Argentine president held a special surprise. Milei rejected the symbol of democracy and unveiled his own staff with symbols of five dogs, representing world-famous economists. Its economic policy is based on a more than 200-page decree that provides for comprehensive liberalization of the economy.

As a financial expert, one views the inauguration and the announced measures by Javier Milei with great skepticism and interest at the same time. The personalization of the presidential staff and the use of outstanding economists as role models signal a change in Argentina's economic policy direction. Liberalization of economic policy could lead to an increase in investment in the short term. However, in the long term, the lack of regulation and curbing government intervention could lead to greater volatility in the economy. This could lead to greater vulnerability to crises and increasing inequality. The impact of these measures on the Argentine market and financial sector is of great importance and should be closely monitored and analyzed.