To understand the currency crisis rocking the Argentine economy and threatening to sink the government of President Javier Milei, just cross over the Andes mountains and descend into the Chilean capital of Santiago.
There, you’ll see scenes like the one Carolyn Pérez witnessed the other day outside a Courtyard by Marriott hotel.
There were these two Argentine couples, recalls Pérez, a security guard at the hotel, and they were loading all these bulky items they had just purchased into their car to drive back into Argentina. First, they wedged in a TV; then another TV; then a full-sized refrigerator; and then they squeezed their bodies into the car, one by one, and drove off as v looked on, dumbstruck.
“It was shocking,” she says.
And, for the Milei government, deeply problematic. For each month, there are hundreds of thousands of Argentines who, just like those two couples, are booking shopping sprees abroad that are depleting the hard-currency res
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