This is the Kader Daily Podcast for Friday, January 5th, 2024.

I'm Caleb Brown.

Javier Milay has been president of Argentina for just a short time, but he's already made announcements that amount to a massive

deregulation of Argentina's economy and people.

Cato's Daniel Raisbeck says, while Milay's party holds relatively few seats in the legislature, a good portion of the deregulatory program can be implemented

fairly quickly.

Javier Milay has been president of Argentina for not a very long time, but he has made some sort of swift moves about

what his preferences are. If you jump past the sort of scary headlines of the massive amount of deregulation and reducing subsidies from the government.

We have to separate out what he can do alone as president from what needs to go through a more

deliberative process. So what has he done that he can simply do as the president of Argentina?

Right, well there have been really three different large measures that have been introduced.

The first was by his finance minister.

This was around 48 hours after he became president officially on December 10th.

Then there was the presidential decree of December 21st,

which contains a lot of components,

but it modifies or repeals 366 laws. Among them are a law that

controls prices on rents basically real estate. There's a law that allowed the state to fix prices

in any sector in the economy and even determine the quantities of what could be

sold with severe fines for not going by these rules.

There was a more recent law in 2020 that regulated what could be sold and even displayed

in supermarkets. There was another price control law from 2014 and one of the

most interesting laws in my opinion that were repealed or that you're introducing a new policy is the open skies policy

...