Does Argentina need a central bank?

The Debunking Economics Podcast

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Does Argentina need a central bank?

Argentina’s President-Elect Javier Milei believes he can do away with the central bank. That might be a vote-winning response to staggeringly high interest rates, but does he understand all the work t

Steve Keen

Dec 02, 2023

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In his election pledges President-Elect Javier Milei promised the people of Argentina two things. First, he would do dollarize the economy. He’d ditch the Peso and replace it with the, already widely used, UD dollar. Secondly, he would abandon the central bank, who he blames for the rampant inflation, which is one part of many fronts of destruction agai…

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