1/2. Argentina, an economic miracle (or mirage) like Chile under the Pinochet dictatorship and the US „Chicago Boys“ from the Chicago school? Argentina’s economic situation is much improved, as econometrics confirm. Following massive US aid—the purchase of Argentine bonds denominated in US dollars; the establishment of a standby credit facility through the Exchange Stabilization Fund (ESF); and a $20 billion currency swap line with the Argentine Central Bank (BCRA)—the peso is in freefall by 2025, and the stock market has seen a nearly 50% collapse (in dollar terms)…
