The monumental fiscal and monetary hole that Peronists Massa and Fernández have left for Javier Milei is difficult to replicate. Ex-president Mauricio Macri himself explained that the inheritance Milei receives is “worse” than the one he found from Cristina Fernández de Kirchner. Peronism leaves a country in ruins and with a massive time bomb for … Continue reading Why Milei Must Shut Down the Argentina Central Bank →

The viability of a currency change and the loss of “monetary sovereignty” are frequently discussed in the argument over dollarization in Argentina, but the most crucial aspect is sometimes overlooked: the peso is a failed currency. Due to the common belief that “the dollar is rising” when the peso is falling, this important element is … Continue reading Argentina. Dollarization Is Viable and Urgent. →

Argentina’s problem is not Milei. The Central Bank of Argentina does not have to devalue the peso due to the victory of Javier Milei in the primaries. The Central Bank of Argentina and the Peronist government have been devaluing the peso and sinking the currency for years. It must devalue because the central bank has … Continue reading Milei Is Not Argentina’s Problem. Socialism Is →

The most dangerous words in monetary policy and economics are “this time is different.” The big mistake of politicians in Argentina is to believe that inflation is multicausal and that everything is solved with increasing doses of interventionism. The consumer price index in Argentina experienced a year-on-year rise of 58% in April 2022, which means … Continue reading How Money Printing Destroyed Argentina and Can Destroy Others →