Argentina's Economic Turmoil and Political Shifts

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The chapter explores the extreme inflation rates in Argentina, reaching over 200%, and the historical context of economic struggles in the country. It discusses the surprising victory of a far-right anarcho-capitalist in the presidential election, his initial economic reforms, and the challenges faced by President Millay in addressing heavy government debt. The chapter also draws comparisons between Argentina's economic situation and the United States, highlighting the impact of inflation on voters and the importance of considering multiple factors in voting decisions.

US inflation feels bad until you look at Argentina’s, which is breaking 200 percent. Today, Explained’s Sean Rameswaram reports from Buenos Aires, where residents are divided over their new anarcho-capitalist President Javier Milei’s shock therapy.

This episode was reported by Sean Rameswaram, produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard and Jesse Alejandro Cottrell, engineered by David Herman with help from Rob Byers, and hosted by Noel King.

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