Trump-Endorsed Javier Milei Wins Argentine Presidency with Radical Economic Proposals

Milei's victory reflects global rise in populism; his plan to replace peso with U.S. dollar carries significant economic risk.

Javier Milei, Argentina's newly elected president, has been endorsed by former U.S. President Donald Trump, signaling a potential new ally for Trump if he wins reelection.
Milei, a self-described 'anarcho-capitalist,' has proposed radical economic reforms for Argentina, including abolishing the central bank and replacing the peso with the U.S. dollar.
Milei's victory reflects a global trend of rising populism and anti-incumbency sentiment, with voters seeking leaders outside the traditional political establishment.
Despite Milei's radical proposals, he and his party, Freedom Advances, lack a parliamentary majority, which may temper his ability to implement his plans.
Argentina's economy is in turmoil with inflation exceeding 140%, and Milei's proposed 'quick-fix' solution of dollarization carries both the promise of stability and significant economic risk.