Milei is pledging economic shock therapy, including shutting the central bank, ditching the peso and slashing spending. His challenges will be enormous: Empty coffers, a $44 billion debt program with the IMF, 150% inflation and more.
Ugh. The way that generally centre-right economic policy wonks are celebrating Milei’s election is grotesque.
I get that dollarization would probably be good for Argentina.
Even as a leftist, I’m open to the possibility that an anti-Peronist economic policy could save the country - I doubt they could survive another Peronist.
But Milei is the worst kind of MAGA wingnut. He’s a talk-radio shock jock. It’s like if they elected Tucker Carlson or Don Cherry into the casa rosada.
His one possibly-good policy idea doesn’t overshadow that.
Ugh. The way that generally centre-right economic policy wonks are celebrating Milei’s election is grotesque.
I get that dollarization would probably be good for Argentina.
Even as a leftist, I’m open to the possibility that an anti-Peronist economic policy could save the country - I doubt they could survive another Peronist.
But Milei is the worst kind of MAGA wingnut. He’s a talk-radio shock jock. It’s like if they elected Tucker Carlson or Don Cherry into the casa rosada.
His one possibly-good policy idea doesn’t overshadow that.