Not everyone agrees with the so-called economic miracle that Argentina is currently experiencing due to the economic policies of President Javier Milei. Saifedean Ammous, economist and author of The Bitcoin Standard, the best-selling crypto book, took to social media to explain why he believes Milei will ultimately fail to steer Argentina away from failure.

Ammous believes that Argentina is heading toward a difficult debt scenario, given that its economy has failed to instill enough confidence for investors to put money into its bonds. He highlighted that Milei’s administration attempted to roll over its bonds, offering an astonishing 69% interest rate but managing to roll over only 61%, hinting at a possible default or an inflationary disaster brewing.

The bitcoin proponent also blasted Milei’s new debt, which includes loans from the International Monetary Fund (IMF), the World Bank (WB), and the Inter-American Development Bank (IDB), totaling nearly $42 billion. Ammous has also called out inflation numbers, stating that they are manipulated, and even so, the total inflation since Milei assumed office surpasses 150%.

To Ammous, Milei had the opportunity to fix inflation by ending the central bank, just as he announced during his campaign, but her failed to do so. Criticizing the so-called libertarian policies of Milei’s administration in Argentina, Ammous stated:

All talk of a free market is empty rhetoric as long as the government manipulates the money, which is a part of every economic exchange in the market, and in Argentina, government control of the money is complete.

Ammous criticism echoes the sentiment of several economists who believe Milei’s policies will result in an economic disaster for Argentina, even with aggressive cost-cutting measures, including the deregulation of the state and the slashing of many jobs considered redundant.

Read more: Argentina Outgrows China, Smashing Economic Record Numbers

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。