The newspaper’s conservative editorial board acknowledged it’s “strategically important” to help out Trump-loving, chainsaw-wielding, self-declared “anarcho-capitalist” President Javier Milei, who campaigned on making drastic public spending cuts and whose
But it suggested that the U.S. Treasury’s “$20 billion ‘currency swap framework’ with Argentina’s central bank” is only “likely to throw good dollars after bad pesos without monetary reform in Buenos Aires.”
Instead, the Journal said dollarization is the only “correct and now essential policy alternative,” but Milei is opposed to that idea even though, the Journal said, the “instability of the peso without dollarization is one reason the opposition may win” in upcoming legislative elections.