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Argentina Has A New President: Here’s What To Know

Student Submission

Rihaan Jethwani
November 22, 2023
Homeroom: Ms. Adelman, Room 60

Argentina Has A New President: Here’s What To Know

As of November 16, 2023, Argentina has elected their new president. The
politician, Javier Milei will officially become the new president of Argentina on
December 10, 2023. Beating candidate Sergio Massa and their successful ex-president,
Alberto Fernandez.

Javier Gerardo Milei is an Argentine politician, economist, and author. Before
politics, Milei was most widely known for being a major economist being the author of
several books on economics. His first political job in Argentina was national deputy,
representing Buenos Aires in 2021. Milei has earned the nickname “Chainsaw Man” due to his unique campaign style which uses the chainsaw, a symbol of cutting through bureaucracy and eliminating waste of resources.

Milei won the election with around 56% of the total votes. He plans to do a lot of
things to help Argentina develop. One of the most important plans he has made, is to
help slow down Argentina’s fast growing inflation rate, which is now at around a
staggering 140%. To do so, he plans to replace the Argentine currency, the peso, with
the U.S. Dollar and to abolish Argentina’s Central Bank.

An important supporter of Milei is none other than the U.S.’s ex-president,
Donald Trump. Trump has come out and announced his full support for Milei’s
presidency, saying things like “Milei will make Argentina great again”. Their campaign
rhetorics, or speeches, follow economist Murray Rothbard’s vision: the basic right-
wing populist insight is that we live in a statist country and a statist world
dominated by a ruling elite. Consisting of a coalition of big government, big
business and various influential special-interest groups.

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