Latin America

But Argentine Presidents always have that ugly little Ace up their sleeves: their decree powers.

In Argentina, decrees must be upheld by the Congress - and only for the specific ends, and time window, Congress agrees to.

But for Milei, the Constitution is written in pencil - and he routinely instructs the pertinent departments to disregard any congressional rejection (or expiry) of decrees he was just a little too fond of.

Though rule-by-decree or not, they're headed for another hard currency crisis by January/February unless they enact some meaningful currency controls (which they won't).

Who knows if his Orange Sugar Daddy will be around to bail his derrière out by that time.