The article contends Milei’s ‘anarcho‑capitalist’ brand concealed a familiar playbook: defending an overvalued peso with fresh dollar borrowing and central‑bank action that benefit entrenched elites. Instead of freeing the money market first, he tightened state control over the exchange rate, producing a short‑lived ‘miracle’ and a deeper bust.
— It challenges the narrative that populist libertarianism delivers market freedom, suggesting it can entrench oligarchic FX defenses that worsen crises.
Yanis Varoufakis
2025.10.15
100% relevant
Varoufakis cites a “$20‑billion lifeline from the US,” IMF rescues, and Milei’s use of the central bank to prop the peso as evidence of oligarch‑friendly currency defense.
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