Could Argentina Start a Global Monetary Revolution?

Remember to which currency Alexander Hamilton turned when he wrote, in 1792, America’s first and famed coinage act.

Tomas Cuesta/Getty Images
The newly elected President of Argentina, Javier Milei, on November 19, 2023 at Buenos Aires. Tomas Cuesta/Getty Images

Are we the only newspaper that sees a certain irony in the vow of Argentina’s next president to abandon its puffed up peso and adopt the fiat American dollar as its money? We ask because we Yanks have been fit to be tied over our own debased dollar and how it has enabled vast deficit spending and given us soaring prices. Now comes Javier Milei, an actual economist, vowing to cure Argentina’s inflation by making the greenback its currency.

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