Unexpectedly, Javier Milei won the presidency in Argentina. I'd been following this story because it's interesting to see a Milton-Friedman-style libertarian (or at least someone who identifies himself that way) suddenly get put in charge of an ultra-statist, pretty-screwed-up country.
I hope that he does really well and turns Argentina into a libertarian paradise where I can move someday. But I expect that it's going to be a huge disaster. Milei appears to be a bomb-thrower (like Trump or Bolsonaro) rather than a serious policy wonk, which absolutely will not help him now that he's the one in power. When he tries ending popular programs and firing government employees, people will riot. If I was him, I'd get a diverse group of really serious experts (mostly but not entirely libertarian-leaning), and see if they can come up with some sane policy changes which won't cause riots.
Any Argentinians here with an opinion? I'm not very familiar with Argentina, and I've only read a handful of articles on Milei, so my knowledge is only surface-level.
I also don't know much about Argentina and that guy Javier Milei but I have heard that the guy is a Bitcoin supporter and if that's the case then maybe in his leadership he might make purchasing and holding of Bitcoin easier for the citizens of that country. If I'm not wrong then that guy is strictly against central banks or he shows that he is against central banks. That guy won the game because he was against the central banks and citizens supported him in his stance. His was against the banks and he shown the negative picture of central banks to the public of Argentina because in that country the Argentine peso has seen huge inflation in a year and that allowed him to get trust of the public.
That guy has shown that Bitcoin is the solution to solve the economical problems of Argentina and it will be a useful asset to fight against the inflation but the guy hasn't made Bitcoin a legal tender yet in Argentina, however I believe that if he stick to his words then maybe in few days to few weeks he make Bitcoin a legal tender for the country. The guy has vowed to shut down the central banks and replace the Argentinean peso with US dollar and may support the idea of decentralized finance in the country. The guy supports Bitcoin but we can't neglect his libertarian views and that's something worrisome for many citizens of the country. Although the guy is a libertarian but he's not posing strict policies himself but is trying to get votes in favor of his libertarian views.
Here's a good article about that guy written by Susie Violet Ward
Source