News Items

News Items

Share this post

News Items
News Items
Plan B.
Copy link
Facebook
Email
Notes
More

Plan B.

There isn't one.

John Ellis
Nov 20, 2023
∙ Paid
11

Share this post

News Items
News Items
Plan B.
Copy link
Facebook
Email
Notes
More
3
Share

Thanksgiving Special. 30 Day Trial.


1. Javier Milei, a libertarian political outsider who pledged to flatten Argentina’s political establishment, won the presidency Sunday by an overwhelming margin in a major shift for a country buffeted by one of the world’s highest rates of inflation and mounting poverty after years of populist rule. Mr. Milei, a 53-year-old congressman, took nearly 56% of the vote to 44% for Economy Minister Sergio Massa with 98% of the ballots counted in the runoff election, the National Electoral Directorate said. “Today, the reconstruction of Argentina begins,” Milei said to an ovation as he celebrated victory with supporters. “It’s the end of Argentine decadence,” he added, calling the results Sunday “the miracle of electing a liberal, libertarian president.” (Sources: wsj.com, bloomberg.com)


2. Mr. Milei promised swift measures to pull the economy out of a deep crisis, saying he’s ready to welcome all those willing to join his efforts to restore the country’s prosperity. “Today begins the rebuilding of Argentina,” he said in his first speech after winning Sunday’s runoff election. Speaking from his campaign headquarters at a downtown Buenos Aires hotel, his tone was more sober than usual. Milei described the condition of South America’s second-largest economy as “critical” and said there’s no room for gradualism, suggesting he’ll take drastic measures from the moment he takes office on Dec. 10. His government will meet all of its commitments and respect private property, he added, reading from prepared remarks. (Source: bloomberg.com)


3. Javier Milei on Central Banks:

Central banks are divided in four categories: the bad ones, like the Federal Reserve, the very bad ones, like the ones in Latin America, the horribly bad ones, and the Central Bank of Argentina. (Source: bloomberg.com)


Keep reading with a 7-day free trial

Subscribe to News Items to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 John Ellis
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More