Ades: Milei reforms may make Argentina more expensive in dollars

Harvard economist Alberto Ades has endorsed President Milei's economic program as a 'titanic task' while identifying three key dilemmas: the social cost of fiscal adjustment, the pace of deregulation, and the sustainability of the exchange-rate regime. Ades also warned that successful reforms could strengthen the peso, making Argentina more expensive in dollar terms. These remarks signal continued elite support for the reform agenda while highlighting political and economic risks.