President Javier Milei said inflation would disappear by mid-2026 in a speech at the 2025 summit of the United States Chamber of Commerce in Argentina (AmCham Argentina).

The libertarian leader boasted his economic reforms in his closing speech at the annual summit that gathered business leaders, public officials, and civil society representatives,. Company representatives present at the event in the Buenos Aires Convention Center told the Herald that, while they all support Milei’s chainsaw doctrine, some are struggling to adjust to the new situation.

Milei also said that inflation “is always and everywhere a monetary phenomenon,” but blamed “politics” for price rises in March and April. “By the middle of next year, there will be no more inflation,” he promised, quipping that Argentina  is “ going to go up like a scuba diver’s fart.”

Although representatives of several multinational companies present in the somewhat shared Milei’s optimism, applause was scattered as the president delved into criticisms against neoclassical economic theory. “It........

© Buenos Aires Herald