Updated November 21, 2023 at 12:02 a.m. ET
Argentina’s anarcho-capitalist president-elect is right that the country desperately needs dollars. But his economic plan to obtain them may not be the right one.
Javier Mileyvictory of the Union over the Minister of the Economy Sergio Massa Sunday’s presidential election showed how eager Argentines are to embrace change. The economy is in tatters, with inflation reaching 143%. Milei, a foreigner who became popular on YouTube and TikTok, promised to “cut” government spending, avoid pro-China overtures and, most strikingly, “burn” the central bank and adopt the American dollar as the national currency. .
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