Argentina's midterm election hands landslide win to Milei's libertarian overhaul
15 comments
·October 27, 2025kragen
terminalshort
Gratuitously insulting?
kragen
The WSJ's "you have been blocked" page is gratuitously insulting.
null
etc-hosts
I'm sure this is going to be used by anarcho capitalist types and the media to say Milei's program of cutting public services is noble and great and here's the proof. I feel like I must be taking crazy pills though. If the Argentinian gov needs 40 billion from the US to continue functioning, how does that mean Milei's policies are working? It's like if I decide to use a car to drive 1000 miles, but I only buy enough gas for 500 miles, but a dude at the midpoint in my journey offers to lend me enough money for the next 500 miles of gas if I kick all Chinese people out of my car in return, and then I return and say see due to my amazing thought leadership my car has double the gas mileage now.
nine_zeros
Libertarians and Conservatives can all wish for a smaller government and slash things apart in America - it's not going to change the fact that America is a corrupt socialist country which runs semis, bails out billionaires, subsidizes farmers, and uses taxpayer money to enrich business owners.
The only difference between American socialism and Argentinian socialism was that Argentinian socialism pretended to help the poor but America doesn't even pretend to help the poor.
zoklet-enjoyer
Does this mean we're going to have to bail them out again?
biggestlou
Did we bail them out before? From what I can tell, we opened up a currency swap using a Treasury fund (not funded by tax dollars) specifically devoted to currency stabilization.
postflopclarity
A currency swap IS a bailout if the swap occurs at a price above what would otherwise be the market clearing price. "currency stabilization" is just a funny way to say "artificially propping up the peso"
> using a Treasury fund (not funded by tax dollars)
tell me, where do you think the Treasury gets its dollars...
AnthonyMouse
It would be kind of ironic if they were printing them.
throwaway20222
If not us tax dollars, how are they funded? Are the backed with full faith of credit of the us government? It’s hard to search for answers on this one.
bpodgursky
No, it means the US just made a profit on the Argentine Pesos it bought to stabilize the currency.
bix6
How did the US profit if the peso has continued to fall?
bpodgursky
It's strengthening tonight. It fell when markets thought he might lose. But then he won.
narrator
Bolivia also ended their socialist government recently. The mass exodus out of Venezuela has hurt the reputation of the left in South America.
This is a better source than the inaccessible and gratuitously insulting WSJ page linked at https://news.ycombinator.com/item?id=45716359. Those comments should be merged here.