Published on 21 Nov 2023 on Moneywise via Yahoo Finance
'The king of the jungle': Argentina just elected chainsaw-toting, right-wing populist Javier Milei...
'The king of the jungle': Argentina just elected chainsaw-toting, right-wing populist Javier Milei as president — and Argentine stocks popped. Is it time to add them to your watchlist?
Argentina’s newly elected President Javier Milei has vowed to ditch the nation’s currency in favor of the U.S. dollar because the peso “isn’t even worth excrement.”
The anarcho-capitalist and self-proclaimed “king of the jungle” won 56% of the vote with his radical plans to eradicate rampant inflation, which include a “moral obligation” to stop the nation’s central bank from printing money.