In a rare bit of good news south of the Equator, Argentina elected classical monetarist and proud American ally Javier Milei to replace the Peronist president earlier this week. Not only does Milei want to reorient Argentina's diplomacy away from ties to communist dictatorships and toward America and its democratic allies, but his marquee campaign promise is to eliminate the country's triple-digit hyperinflation by adopting the United States dollar as its currency.
Much like former United States President Donald Trump, who many have compared him to, Milei rode on a wave of voter anger against the country’s political establishment and has promised “a new political era.”