How Argentina Broke Its Inflation Addiction in 18 Months

The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending · Jun 8, 2026 · 12m · transcript

Argentina was the world's most stubborn inflation story — annual price growth above 200 percent, a currency that lost half its value every year, and a public that had learned to treat the peso like a hot potato. Then Javier Milei took office and did what economists said was impossible: he crushed inflation without a full dollarization. This episode walks through the specific mechanism — how the central bank stopped printing to finance the deficit, how the Treasury switched to peso-denominated debt that investors actually trusted, and how a country that had suffered hyperinflation since…