Argentina's Economic Challenge: The Overvalued Peso Guest: Mary Anastasia O'Grady Mary Anastasia O'Grady discusses Argentine President Javier Milei's surprising electoral success but highlights the overvalued peso as his most significant challenge. The pe

Argentina's Economic Challenge: The Overvalued Peso Guest: Mary Anastasia O'Grady Mary Anastasia O'Grady discusses Argentine President Javier Milei's surprising electoral success but highlights the overvalued peso as his most significant challenge. The peso's artificial strength is maintained by US Treasury support through a $20 billion swap line and direct intervention, preventing investors from entering the market. O'Grady argues that Milei must allow the peso to float and eventually dollarize the economy, urging him to "rip the band-aid off" and accept the resulting short-term inflation.
1930 ARGENTINA