We'll see what he does with regards to any global warming shite because I think that's still something happening. It really is remarkable seeing any kind of 'right wing' president actually do something and he's making other right wing candidates especially Trump look quite bad. I know it's the guardian, but honestly their scare mongering over Milei is just fucking funny.
Far-right president
But economic turmoil left many in Argentina eager for change, ushering the chainsaw-wielding political outsider Milei into the presidency.
Milei, who defines himself as an “anarcho-capitalist” – a current within liberalism that aspires to eliminate the state
^ Liberalism my fucking arse, they really have no idea what they're writing about, Anarcho-Capitalism, Libertarianism and Voluntaryism are their own factions, fucking lefties trying to claim ownership
has implemented a series of measures to deregulate the economy, which in recent decades has been marked by strong state interventionism.
Yes this is a good thing leftists, they're trying so hard to paint him a crazy but it's not working. It's going to make them look especially bad if his policies actually start working and the economy turns around. I also don't know why they're calling this a policy reversal when he did say he was pretty clear about not trusting BRIC.
Liberalism is closer to Anarcho-Capitalism than it is to Neo-Liberalism.
BRICs is probably a possible positive for neutral nations, but it's not really a good idea for a country int he American sphere of influence, especially when you've decided to defeat the fiat money printers by linking to the American currency.
For the most part, this just seems like it's a relatively good idea to stay within the American sphere of influence, and make it more likely that they won't assassinate you, since you are promising to pay back their loans and not damage the value of the petro-dollar.
I think the larger plan is to link up with Trump and get a major free trade deal going between the two countries. That would defiantly help recover the economy faster, and it could also make the exchange between the two markets very easy if the Argentinian Peso is interchangeable with USD. You could very easily get a cheap flight to Argentina, use US Currency to buy some things, and swing back.
The risk that I see is damage to the USD in the upcoming recession, but I get the feeling that the first problem we will see is deflationary in the beginning of the year, which won't hurt Argentina at all (they need deflationary pressures). The question is whether there will be a hyper-inflation response by the end of the year. At that point, he might have to break off and go the Ecuador route.
As for global warming, he might pull some "Oh I promise to cut emissions", and then do absolutely nothing, like everyone else.
Nobody will take a flight to Argentina for cheap stuff. That's stupid af. It's like 12 hours by plane from Miami.
Regardless he isn't getting off fiat money printing he's just outsourcing it to the federal reserve.
A Socialist trying to undermine confidence in a Libertarian, color me surprised.
The Federal Reserve prints less money than the Argentine government, and putting the ability to print money outside of Argentina entirely is a better plan.
Underrated comment. This is how politics works.