Trump Administration Considers Bailout for Argentina’s Milei

[PAF]

Notes in the Margin
09/23/2025

A weak showing for Milei’s party in provincial elections last week jolted investors and forced the country to start selling “every last dollar” to defend the peso.

Trump administration considers bailout for Argentina’s Milei | Mises Institute

A weak showing for Milei’s party in provincial elections last week jolted investors and forced the country to start selling “every last dollar” to defend the

mises.org

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Trump Administration Considers Bailout for Argentina’s Milei
Sep 23, 2025


Just a few months ago, conservative economists were cheering the “Argentina miracle,” President Javier Milei’s tough-love approach to free-market reforms. Now the country is facing a deepening economic crisis that the Trump administration, its populist ideological allies, is promising unusual interventions to stem.

Treasury Secretary Scott Bessent said “all options” are on the table after a weak showing for Milei’s party in provincial elections last week jolted investors and forced the country to start selling “every last dollar” to defend the peso, Argentina’s economy minister said Friday. Milei is set to meet Trump in New York, where the president is attending the United Nations annual assembly.

Praising Milei’s “fiscal discipline and pro-growth reforms,” Bessent said the US could bolster the pesos or buy Argentinian government bonds outright. The Treasury’s catch-all basket for global economic cleanup, called the Exchange Stabilization Fund, has been used in novel ways before, but snapping up foreign debt is unusual. “Uncle Sam is underwriting Mr. Milei’s laboratory,” says The Economist.


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Trump administration considers bailout for Argentina’s Milei

Argentina is facing a deepening economic crisis that the Trump administration is promising unusual interventions to stem.

www.semafor.com

 

[TheTexan]

I've long thought that the only reason Milei was allowed to win was it was part of a plan to dollarize Argentina

Looks like it's headed in that direction

 

[PAF]

I've long thought that the only reason Milei was allowed to win was it was part of a plan to dollarize Argentina

Looks like it's headed in that direction

@ClaytonB said it best:

Was the Milei presidency an elaborate swipe at ancaps? After coming into office, Milei has refused to shutter the Argentine CB, doing a complete about-face on the topic. The only question seems to be... was this the plan from Day One? Was this supposed to be a "we tried ancap and it destroyed Argentina's economy" smear-operation?

 

[TheTexan]

@ClaytonB said it best:

Shrug.

I can see the value in it.

On the one side, a healthy Argentina truly an-cap economy is great in theory.

On the other side, a collapsed Argentinian economy that is dependent on the dollar, is great for the dollar, and great for us in practice.

 

[Snowball]

And so castles made of sand

Fall in the sea

Eventually

 

[ClaytonB]

@ClaytonB said it best:

Hans Hoppe has nothing good to say about Milei:

 

[Occam's Banana]

 

[unknown]

Fuck you.

This clown "privatized" and sold everything to the international bankers.

They are the ones getting bailed out by their buddies who control our government.

 

[TheCount]

Hahahahaha

 

[unknown]

 

[CCTelander]

.

They’d probably just use money the US sent them to do it, so…

 

[unknown]

.

They’d probably just use money the US sent them to do it, so…

The reply tweet, the one that turned "Not found" said exactly that.

Holy shit, they're getting to people fast, usually it took a good week.