While the prospect of Javier Milei being elected president of Argentina is attractive, his plan to "dollarize" the Argentine economy will fall well short of hopes and expectations.
Original Article: Dollarization in Argentina Will Not Promote Freedom
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Javier Milei’s sensational performance in the Argentinean presidential election primary confirms the very real possibility that an anarchocapitalist who quotes Rothbard and Mises could become Argentina’s next president. If elected, there is little doubt that Milei will implement proposals aimed at profoundly reshaping Argentina’s economy along free market lines. Unfortunately, a controversial idea to fully dollarize the Argentinean economy seems to have become his signature policy. This is at odds with the rest of his platform.
Flashback: The Fed Doesn’t Care about Argentina
In the 1990s, Argentina established a quasi-dollarized “convertibility” system that pegged the peso to the dollar. It ended disastrously, with a painful crisis in 2001–2 that collapsed the
