Milei Promises Argentina Can Be Saved With Libertarian Economics

Presidential contender pushes for a free-market overhaul
Candidate wants to downsize the state after years of chaos

Argentina presidential candidate Javier Milei pledges to close the nation’s central bank while saying he would make every effort to avoid a default on the country’s sovereign debt if he wins the October vote. Milei speaks with Bloomberg’s Juan Pablo Spinetto.Source: Bloomberg

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By Juan Pablo Spinetto

August 17, 2023 at 8:00 AM UTC

This article is for subscribers only.

Self-described libertarians seem to pop up in political circles in every corner of the globe. But few mean it quite like Argentina’s Javier Milei.

On Wednesday, he flashed his zeal for unleashing the powers of free markets on the ailing country during a two-hour interview in Buenos Aires. He vowed to slash government spending, shutter the central bank, replace the beleaguered peso with the US dollar and restore credibility to the famously unstable economy.