Economist Javier Milei Fails to Follow Through on Promised Quick Exit from Stocks, Leaving Entrepreneurs and CEOs Confused

Javier Milei, an economist at Fiel, has been more cautious in his approach to getting out of the stocks. He promised to do so quickly, but has not followed through on that promise. This has left many entrepreneurs and CEOs wondering when the restrictions will be lifted. They are eager to have more flexibility in buying dollars for imports and conducting business without the constraints of the current regulations.

In contrast, Daniel Artana, an economist at Fiel, once explained what Mauricio Macri did in December 2015 by stating that he got out of the stocks the day the newspapers reported that he did. Macri announced at a press conference, through Alfonso Prat-Gay, that he was leaving behind regulations and norms, allowing people to buy foreign currency the next day. This move was significant as it signaled a departure from the restrictions put in place during the time of Néstor Kirchner. It set the tone for Macri’s economic policies and was well-received by the public.

The government has hinted at a potential delay in lifting the stocks, citing various reasons such as the need for financing at negative rates and concerns about the sustainability of government debt if rates turn positive. Economists have also highlighted the benefits that the government has derived from