Argentina

Javier Milei, Argentina’s new president and an economist, presented his free-market agenda at the World Economic Forum in Davos, Switzerland. He urged global leaders to shift away from socialist, centralized and planned economies with bloated governments and again to embrace market-driven systems and transparent governance. His country’s unending drama underscores Mr. Milei’s radical reform argument. […]

  Newly inaugurated Argentine President Milei is gaining significant attention on the international stage. A newcomer to the intricate world of Argentine politics, he ascended to the presidency in just a few years, triumphing over the kirchnerista (peronist) candidate Sergio Massa. For many supporters, Milei symbolizes a libertarian revolution. However, for others, his behavior is […]

Take away Due to its liberal constitution of 1853 and dependable noninterventionist policies between the 1860s and the end of WWI, Argentina enjoyed its most prosperous period yet.  By 1913 Argentina was a free market-oriented powerhouse and ranked among the world’s ten richest countries per capita with an advanced educational system and a comparatively well-developed […]

Following Sunday’s election results, Javier Milei is set to become the president of Argentina on December 10. Among other things, president-elect Milei has vowed to replace the peso with the US dollar, a policy known as dollarization. Some critics have argued that dollarization will deplete the Argentine central bank’s US dollar reserves, which would make […]

  One of Argentina’s most frequently raised objections to dollarization is the immediate concern of a potential bank run. If deposits were to be dollarized without a sufficient reserve of actual dollars, people would rush to withdraw their dollars from banks, precipitating a run. This fear is particularly concerning given Argentina’s current economic situation, where […]