Argentina’s New Libertarian President Wants to Abolish Central Bank. Can He Achieve His Goal?

News Analysis Argentina’s President-elect Javier Milei has set forth an ambitious agenda that clinched him victory in the recent election, including a pledge to abolish the country’s central bank and switch to the U.S. dollar. Despite speculations of a potential shift towards more moderate policymaking in the lead-up to his inauguration, Mr. Milei reiterated his determination to shutting down the central bank, calling it “non-negotiable.” With Argentina now gearing up for the possibility of a nation without a central bank and a shift from the peso to the U.S. dollar, many economists are discussing whether these will be successful measures to resuscitate the economy....