President Trump explicitly tied the deal to his pal’s electoral fortunes in a White House meeting with Milei, saying, “If he doesn’t win, we’re gone.” An even more cynical read is that this is a rescue of the administration’s “hedge fund buddies,” who placed big investment bets on the success of Milei and his DOGE-like spending cuts. If he can make the project a permanent success, it will serve as a “rebuke to the tide of left-wing populism that has caused trouble from Brazil through Colombia, Venezuela, and Central America.” But that won’t happen unless Argentina abandons its perpetually tumbling currency and adopts the dollar; Ecuador did just that in 2000 and has since kept inflation in check. Sign up for Today's Best Articles in your inbox A free daily email with the biggest news stories of the day – and the best features from TheWeek.com Contact me with news and offers from other Future brands Receive email from us on behalf of our trusted partners or sponsors
Author: theweekonlineeditors@futurenet.com (The Week US) , The Week US
Published at: 2025-10-21 21:04:25
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