The United States bail out Argentina
September 27, 2025The U.S. Treasury has just announced a set of massive financial support measures for Argentina: the purchase of Argentine bonds in U.S. dollars, the establishment of a stand-by credit via the Exchange Stabilization Fund (ESF), a $20 billion currency swap line with the Argentine Central Bank (BCRA). Because, contrary to all the bluster of libertarian…
Argentina in the Paradise of Lawless Capitalism
January 14, 2025The Community of Latin American and Caribbean States (CELAC) has firmly condemned Trump’s repeated threats to forcibly target the Panama Canal. The condemnation was nearly unanimous, with just one dissenting voice—unsurprisingly, that of Argentina, led by the self-proclaimed “anarcho-capitalist” Milei, an unwavering supporter of Trump. The Argentine president is bleeding his economy dry, having…