The piece argues Argentina’s chronic crises stem from tying the peso to the U.S. dollar, which creates overvaluation, parallel dollarization, and periodic collapses. Milei’s initial float plus austerity cratered output, then he quietly restored the peg to crush inflation, setting up the next panic and need for foreign rescue.
— It reframes Argentina’s turmoil from ideology to currency architecture, implying U.S. support risks perpetuating an unstable peg rather than fixing fundamentals.
Quico Toro
2025.10.05
90% relevant
The article argues Milei abandoned dollarization and adopted an exchange‑rate band to prop up the peso, triggering familiar speculative dynamics and a subsequent market freakout—precisely the pattern that a revived peg creates crises and forces appeals for external support.
Juan David Rojas
2025.09.24
100% relevant
Bessent’s stabilization options (swap lines, direct currency and debt purchases), the peso’s ~30% slide since August, central bank dollar sales, and Milei’s re‑pegging despite inflation gains.
← Back to All Ideas