Elon, Inc. Everybody's Business: Elon Inc's Host Explains the Mess in Argentina
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Sep 27, 2025 
David Papadopoulos, Executive Editor of Markets at Bloomberg, breaks down Argentina's economic crisis, discussing President Milei's austerity measures and their harsh social impact. He reveals how the U.S. is stepping in to stabilize the country amidst political turmoil. Meanwhile, Lucas Shaw dives into Hollywood, examining David Ellison's strategies at Skydance and MrBeast's massive YouTube empire, including the challenges of high production costs. They also address the troubling trend of workplace burnout in the post-pandemic world.
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Austerity Cut Inflation But Created Fragility
- Javier Milei used radical austerity and a currency anchor to rapidly bring inflation down from hyperinflationary levels.
- Those moves reduced deficits but created social pain and political fragility that threaten sustainability.
Currency Anchor Created A High-Wire Act
- Milei's policy relied on keeping the peso artificially strong to collapse inflation quickly.
- That overvalued peso made people and investors nervous about a sudden devaluation and renewed crisis.
Cross-Border Shopping Reveals Peso Strain
- Argentines cross into Chile to buy goods when the peso is overvalued, filling cars with TVs and clothes.
- Border shopping shows how an overvalued peso distorts domestic demand and signals loss of confidence.