In a wide-ranging interview with Bloomberg’s News Editor-in-Chief, John Micklethwait, Argentina’s President Javier Milei explained that his plan to dollarize the country’s economy has been thwarted by dishonest politicians. Micklethwait discussed dollarization and many other topics with Melei, writing: After just over 100 days in office, the libertarian leader discussed his fiscal and monetary plans, […]
Would the Dollar Be Any Better for Argentina?
Argentina’s new president, Javier Milei, has promised to move the country off its hyperinflationary currency, the Argentine peso, and onto the U.S. dollar. While that seems like an obvious improvement, James A. Dorn of the Cato Institute notes that it may not be a permanent solution. As Dorn explains, the dollar is still a fiat […]
Is It Time to Dollarize Argentina?
President Javier Milei of Argentina has been hit with his first legislative defeat since taking office. At the Cato Institute, Daniel Raisbeck, Gabriela Calderon de Burgos and Caleb O. Brown discuss Milei’s plan to dollarize Argentina’s economy in the Cato Daily Podcast. Listen below:
Milei’s Moment to Dollarize Argentina Is Now
According to Daniel Raisbeck and Gabriela Calderon de Bugos of the Cato Institute, the recent defeat of President Javier Milei’s legislative omnibus bill opens up the perfect moment for him to advance one of his signature campaign promises, the dollarization of Argentina. They write: Since Milei ordered the bill to return to committee, the government […]
Argentina Vindicates Libertarians on Rent Control
According to libertarian economic theory, the implementation of rent controls reduces the supply of housing and ultimately increases its costs. In Argentina, Javier Milei’s reforms are proving just that. Ryan Bourne of the Cato Institute explains: In his ascent to Argentina’s presidency, Javier Milei was distinguished not just by his libertarian ideology but also for […]
Who Is Stalling Argentina’s Dollarization?
At the Cato Institute, Daniel Raisbeck and Gabriela Calderon de Burgos take issue with Javier Milei’s finance minister, Luis Caputo, and his implementation (or lack thereof) of Milei’s dollarization plan. They write: In a recent interview, Caputo confirmed that the government does intend to honor Milei’s dollarization pledge, but only once his “stabilization plan” has been fully implemented. […]
Can Milei Avoid Eisenhower’s Mistake?
The newly elected president of Argentina, Javier Milei, has promised to restore stability to the nation’s volatile currency. In his own campaign for president, Dwight Eisenhower made a promise to restore the dollar’s previously strong gold standard and failed to follow through on that promise. The New York Sun reports: We were delighted to see […]
Argentina’s New Social Contract: Limited Political Power
At the Cato Institute, Ian Vasquez explains the governing philosophy espoused by Argentina’s new president, Javier Milei, and his new social contract of limited political power over the people. Vasquez writes: On Sunday Javier Milei assumed the presidency of Argentina promising a radical change to the economic and social model that has ruined his country. His […]
SHOCK THERAPY: Argentina Takes It’s Medicine
New Argentinian President Javier Milei is making good on his promises to deliver shock therapy to the country’s economy. He’s giving the country a dose of currency devaluation, revaluing the Argentine peso to 800 per dollar, from 366.5 per dollar. Kevin Simauchi, Manuela Tobias, and Ignacio Olivera Doll report for Bloomberg: Argentina devalued the peso […]
Milei’s Promise to Dismantle Corrupt Peronist System Won Argentina
At the Cato Institute, Ian Vasquez explains the impressive depth and breadth of Javier Milei’s win in Argentina’s presidential election. Milei, recounts Vasquez, appealed to young people and those of all classes who wish for an end to the Peronist system that has damaged the country. Vasquez writes: Javier Milei’s victory over the Peronist‐party candidate […]