Chainsaw Challenges

Weekly  Reports

 

Back to

Back to : 

Chainsaw Challenges

First week
December 2023

Most economists (including those of us at Econviews) believe that fiscal adjustment is a necessary condition to stabilize the economy. That is to say, Javier Milei has the correct diagnosis. The chainsaw analogy he used in the campaign was somewhat explicit, but no less correct. Not that the other macroeconomic challenges are easy, but this one is especially complex given the governance issues and natural learning curve of any new team that arrives. In this chapter we put everything that will necessarily have to be negotiated with governors, unions and their social works and other interest groups that have the power to block decisions.