November 20, 2023 11:00 PM ET
Argentina’s anarcho-capitalist president-elect is right that the country desperately needs dollars. But his economic plan to get them may be the wrong one.
Javier Mileyinfluence on the Minister of Economy Sergio Massa Sunday’s presidential election showed how eager Argentines are to accept change. The economy is stagnant, with inflation running at 143%. Milei, an outsider who became popular on YouTube and TikTok, has promised to “save the chain” of public consumption, avoid China-friendly moves and, surprisingly, “burn down” the central bank and accept the US dollar as the national currency. .
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