Bloomberg reported yesterday that Argentina’s inflation rate has fallen by two-thirds, or from 26% last year, to 9% a month in April. That’s still a long way from price stability – but it’s a vast improvement. Some food and beverage prices are starting to fall.

The central bank cut its key interest rate for the third time in three weeks as officials bet on a sustained slowdown in consumer prices, and race to shrink the central bank’s interest-bearing liabilities.

The very good news is that for the first time in years, workers may see a real increase in their take-home pay. It comes in the wake of Milei slashing government spending.

Hey! Maybe Biden should try some of this shock therapy!