Argentina again! Tango on the economy

I’m going back to my beloved Argentina. I confess I love its new president, Javier Milei. This guy is astonishing with his immediacy and his level of cynicism (so much needed for statesmen). According to him, one of the main lines of his electoral program was to abandon the national currency in favor of the dollar and close the Central Bank as an unnecessary organization. The world stood still, waiting for an unforgettable spectacle. 

If you use an associative analogy, imagine: you have a car, and it has obvious engine problems. Growls, shoots and spends gasoline like a truck. All the problems because you have not served it well. And then you finally decided to do it. Go to the car service? No, it’s too easy! You decided to just throw out the old engine and put a new... from the helicopter. And do you think your car will fly? Or will it go very fast? Obviously not.

However, finance is a delicate matter, and maybe something would have …

However, it is very likely that there will be no dollarization. The new president of Argentina appointed his closest advisor to head the National bank position... who has already announced that he will not allow dollarization of the economy. I believe that Americans themselves have experienced incredible relief: failure could hurt the American currency.

The clash with reality forces even charismatic men like Argentina to think rationally. He promised to deal with the finances radically - changed his mind, was about to go on a crusade to "communist" China, also changed his mind, deciding that it was more profitable to be friends.

Indeed, Milei now has a problem with self-identification. The image of an eccentric rebel confronts the state’s routine, and it is not at all clear who will prevail.

Well, let us observe further. This is indeed a situation worthy of Shakespeare!

#Argentina #DollarizationDebate #FinancialDilemma #CentralBankDrama #ShakespeareanPolitics