I am not in any way qualified to ask this question, but wouldn’t devaluing your currency by half cause 100% inflation on all imports, and effectively double all foreign denominated debts?

Yes in normal countries. But Argentina has an official fixes rates that is unrelated to reality. This means there are two exchange rates, the official one and the real one. Thie measure just puts the official one closer to the real one. And as Argentina uses gov money to pay the official rate this reduces the gov expenses and in the long term it stabilises the currency. Yes, in the short term its a shock to the economy making some thins more expensive (for those that had access to the gov rate) but its just bc before the gov subsidised those things indirectly.

Most of the ideas of this president are actually good. Its just a shame that he has to insult and act to apply them. He’s just doing what the IMF has proposed for years and telling everyone it’s a revolution.

He’s just doing what the IMF has proposed for years and telling everyone it’s a revolution.

Because after a decade of socialist assholes, it is.

It was the corruption, not the socialism, what little of that there actually was anyway. At no point did the workers own any of the production. You are pretending the definition of socialism is subsidies. It isn't.

They call themselves socialist.

They promote socialism.

They were praised as being fine examples of socialism and progress when things were going well

Get out of the cope copter.

Outside of having socialist as an adjective, none of that is true.

You'll be shocked to discover the Democratic Peoples Republic of North Korea is a dictatorship and neither democratic nor a republic.

Oh, and the insurrectionists that attacked the Capital who call themselves Patriots, aren't that either.

Words have definitions. When you ignore the definitions it shows you've no idea what you are talking about.