Argentine economist Andrés Borenstein has expressed cautious skepticism regarding the effectiveness of President Milei’s inflation reduction plan. While acknowledging innovative aspects, particularly the exchange rate anchor and unique interest rate policies, Borenstein believes the plan lacks a crucial income policy to curb inflationary momentum. He suggests the absence of measures addressing wage and price spirals will hinder sustained price stability. Borenstein forecasts an annual inflation rate of approximately 20% by year-end. He characterizes the stabilization program as unconventional, blending traditional economic tools with novel approaches. The economist’s analysis highlights a potential vulnerability in the plan’s reliance on monetary policy without complementary income controls. His assessment suggests a risk of continued inflationary pressures despite the implemented measures.