Argentinians Maria Marty, the CEO of the AynRand Centre LATAM, and her brother Eduardo Marty, an accomplished professor of economics who has worked and taught all over Latin America discus the astonishing rise to power of Javier Milei, a staunch advocate of free markets and sound money, who on December 6 was overwhelmingly elected as Argentina’s new President by a popular margin of 55.5%. This development has stunned analysts and pundits, including my two friends, Maria and Eduardo. You might be surprised to learn who may have propelled Milei’s conversion from a mainstream economist to a champion of free markets.
Milei has not dollarized Argentina as promised. Instead, he has chosen a more gradual approach, implementing a series of fiscal and structural reforms that he believes will lay the groundwork for future dollarization.