Go to https://ground.news/patrickboyle to stay fully informed. Subscribe through my link this month for 40% off unlimited access.

Argentina’s new president, Javier Milei describes himself as an anarcho- capitalist and says he will take a chainsaw to the Argentine government. He has campaigned that he will dollarize the economy and shut down the central bank. What does this mean and could it work?

Argentina mostly exports agricultural commodities but used to be one of the wealthiest nations in the world. Decades of economic mismanagement have destroyed the economy and created a web of artificial price and exchange rate controls that have produced huge distortions.

Milei is described as a libertarian economist whose ideological heroes are Milton Friedman, Robert Lucas, Murray Rothbard and Margaret Thatcher.

Milei campaigned on promises of taking a chainsaw to the state, closing down the central bank and replacing the peso with the US dollar. But he has made a dramatic shift towards moderation since winning the election.

Special thanks to @MoneyMacro for his help with this video. Make sure to check out his channel.
Check out my appearance on @NexusTRTWorld discussing Javier Milei at this link:    • How mad is Argentina’s new President?  

Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC

Ways To Support The Channel
Patreon:   / patrickboyleonfinance  
Buy Me a Coffee: https://www.buymeacoffee.com/patrickb...

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here:   / patrickeboyle  

Patrick Boyle On Finance Podcast:
Spotify: https://open.spotify.com/show/7uhrWlD...
Apple: https://podcasts.apple.com/us/podcast...
Google Podcasts: https://tinyurl.com/62862nve

Join this channel to support making this content:
   / @pboyle  

Corrections:
1) Unfortunately, towards the end of the video I unintentionally referred to Milei as Macri a few times. The subtitles contain the correct names. Apologies for my terrible pronunciation too.
2) A number of viewers are claiming that the photo of Margaret Thatcher was actually Queen Elizabeth. I have double checked this and it was definitely Margaret Thatcher. Queen Elizabeth looked like this: https://en.wikipedia.org/wiki/File:Da...