Lisa Bodell: Smart Leaders Sabotage Their Own Strategies
Traditional strategic planning is often more of a ritual than a breakthrough moment. Teams gather, review last year’s metrics, and churn out a cookie-cutter annual…
Thought Leader: Lisa Bodell
Dollarizing Argentina: Run-Off Elections Between Massa and Milei
Today, we’re turning our attention to Argentina’s upcoming run-off presidential election between current economic minister Sergio Massa and libertarian candidate Javier Milei. I could do a whole series on the effects of Peronism, but this time, I’ll be focusing on Milei’s proposed dollarization program.
Argentina has defaulted on its national debt nine times, and the government can manipulate events (and people) by hitting the peso printing button. Switching to the American dollar would institute some financial responsibility, but is it feasible?
Milei would need to come up with a metric-shit-ton of US dollars for this to work, but we’re still ignoring the impact on banking stability and the risk of hyperinflation. I’m not quite sold on the idea just yet, but let’s see who gets put in office before we go further down that rabbit hole.
Relevant and recent posts
Peter Zeihan: A $20 Billion Band-Aid for Argentina
The US just committed roughly $20 billion in a currency-swap with Argentina. That’s a whole lot of pesos. So, why did the US extend this…
Thought Leader: Peter Zeihan
Raja Rajamannar: Inside the McLaren–Mastercard Strategy
Speed, strategy or showbiz – what truly drives the McLaren x Mastercard partnership? In this episode of Media Dialogues with Storyboard18, Delshad Irani goes behind…
Thought Leader: Raja Rajamannar
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