by Peter Schiff, Schiff Gold:
Amidst rampant peso inflation and his scathing pro-free market speech at Davos, new Argentine president Javier Milei has taken office with radical proposals to overhaul the country. While his brief month and a half in Argentina’s Casa Rosada isn’t long enough to know if his bark will really match his bite, here’s a summary of some of his biggest actions so far:
Among his first moves after taking office was slashing the number of government ministries from 18 to just 9. These make up the presidential cabinet. Milei consolidated the Ministries of Culture, Education, Health, Labor, Social Development, Public Works, Transportation, Telecommunications, and Energy and Mining. Their functions are now contained under 3 different umbrellas: the Ministries of Health, Human Capital, and Infrastructure.