"The problem with the dollarization is that in that way Argentine will be surrendering their monetary policy to the Americans, a fact that can be very bad if the dollar appreciates as the only way to offset that would be an internal devaluation, not an easy thing to do as wages are sticky."
No real alternative currently , 18 months ago if you held any money in Argentina for more than 2 weeks from business profits made , your money devalued hugely against the greenback in that time , tying it into the greenback prevents that happening which brings investors back to having a little confidence in investing in Argentina .
Speaking of confidence a recent project we were doing has gone from using an NPV 17 forecast to a NPV 8 forecast which makes it viable
Most business people are happy with what Milei is doing , I know a business person who is working with the Argentine govt on getting moth balled rail roads back into use , idea is to reduce dependency on importing petroleum products with rail being more energy efficient
