On November 19, 2023, Argentina held a historic general election that will likely redefine its existing center-left to center-right party system. Javier Milei, an economist and deputy in the Argentine Congress won election to the Presidency with 56 percent of the vote. In recent decades, Argentina has reeled from a series of economic crises, including debt defaults, depressions and currency crises; the inflation rate topped 120 percent as of October. These woes have greatly impacted the standard of living of ordinary people, as the depreciation of Argentina’s currency induces unpredictability and effectively erases private savings by forcing up the real cost of goods.

GlobeDhruv ShevgaonkarJanuary 7, 2024Argentina, economics, elections, Dhruv Shevgonkar, ConservatismComment

Monetary Mayhem: the Consequence of Discretion

The President of the United States is not the most powerful man in America. The leaders of the House and Senate, whose whips may set the leviathan Federal government barreling in whichever direction they please, do not top the rank. The nine Justices of the Supreme Court, a half dozen of whom can permanently alter the very meaning of the Constitution, are far from the most commanding figures in Washington. Rather, the true heart of American power lies not on Capitol Hill, but two miles westward, nestled between the Vietnam War Memorial and a Dunkin’ Donuts.