Argentine President Javier Milei has refused to issue more pesos as a way of lifting economic activity. He argued that putting extra money into circulation would only speed up inflation. The remarks came as he defended the economic plan his government has stuck to so far. His strategy rests on tight restraint in money creation, whatever the short term cost. Milei has built much of his political standing on exactly this kind of discipline. For now, his answer to calls for stimulus is a flat no.