The problem the diet analogy is that people neither die nor sink into poverty after a few months of reduced caloric intake. It's not just "unpleasant", long running companies die, people on the ends of the spectrum fall into starvation. You don't easily recover from that.
Suffocating the private sector is not a long term policy. It's shooting yourself in the foot.
Traditionally hyperinflations also cause poverty. Take for example Venezuela or Zimbabwe, two of the worse cases in the last couple of decades. It's not like they ride the hyperinflation with a happy smile and business thriving.
Argentina was drunk, and Milei decided to stop drinking. Hangover will have to come anyways, and everybody knows it. You cannot blame the headache on stopping drinking, and the solution is keep drinking for a while. That's not how hyperinflation works, we have had plenty of cases. It's exponentially worse.
Alleviating taxes and shrinking the state would have been wonderful to our suffering private sector.
Sadly, he didn't. He stopped sending money to the welfare part of the state, but he didn't lower any taxes yet, and it's asphyxiating the economy.
It doesn't boil down to "lower taxes whatever it takes" if you then have massive deficits. That's a wrong policy usually taken by Republicans in the US.
To me, the private sector, the health of long running companies (and of course human lives) is a more logical argument than any loose analogy about being drunk or going on a diet that depict nothing on the actual real-life impact of any economic policy.
I didn't even mention good or evil. I mentioned that messing with your domestic industry almost never fares well for your country.
And, about Trump. They both have in common that they have special persionalities and both spend a lot of time on Twitter. But that's it. Regarding economic policies, Trump is a proteccionist and Milei is an anarchocapitalist.
In other words, if you are too big to fail, you are too big to exist.
> "Food and beverage prices... rose significantly below the average: 11% in February," said consulting firm C&T
Fixing hiperinflation is never easy. It's like going on a diet: it's hard to do, but nobody knows a better alternative. And politicians always have the easy binge at hand to solve any problem: printing money.
Being responsible is hard at all times, and the only visible reward you get is the statu quo. But by printing money you get an easy economic spike that will soar your popularity.