Why Trump shouldn’t bail out Milei
At the OECD, the IMF, and at Davos, there will probably be a few wry smiles, and a sense of Schadenfreude. Javier Milei, the chainsaw-wielding libertarian President of Argentina who promised to destroy the economic establishment by cutting taxes and dramatically reducing the size of the state, is now facing a financial crisis of his own. The United States is offering to step in with a bailout, but why? Milei should sink or swim in the markets he champions. A rescue package from the Trump administration will prove a mistake. It is turning into the toughest week yet for the Milei experiment. After setbacks in local elections, the currency markets