How Milei made austerity popular (Julieta Casas, 11/20/25, Englesberg Ideas)
How has Milei managed to maintain popular support? A comparison with the country’s past austerity administrations suggests two possible reasons. First, while the president’s ‘chainsaw’ economic policies have cut into the real incomes of broad segments of the population and led to a stagnation of economic growth, they did so early on in his administration. After a harsh initial shock, the mid-term elections coincided with a rebound of the economy, potentially aiding the president’s electoral support. What’s more, a drastic reduction of inflation has worked to his advantage.