Does Argentina's Bailout Prove Libertarians Wrong?

The Reason Roundtable

Politics, News

4.5 • 1.5K Ratings

🗓️ 21 October 2025

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus: the “No Kings” protests, Trump pays troop salaries during government shutdown, and the continued bombing of drug boats in Venezuela

Transcript

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0:00.0	Argentina under Javier Malay was supposed to be a Libertarian success story.
0:11.0	So why does it need a $20 billion bailout?
0:15.0	What do libertarians think of that?
0:16.5	That's what we're going to talk about today.
0:18.1	Welcome to the Reason Roundtable.
0:19.9	This is your review of news and culture from the editors of Reason Magazine, a Libertarian Magazine.
0:25.6	Today, I am joined by Matt Welch, Nick Gillespie, and Birthday King.
0:31.7	Catherine Mangy Ward, happy birthday, Catherine.
0:33.9	Happy birthday to my birthday queen, Peter Souterman.
0:36.5	I'm Peter Soutreerman. I'm your host.
0:38.4	This is why libertarians can't win anything.
0:43.6	We can only win King of the podcast, and Catherine has that title forever.
0:49.0	All right.
0:49.3	So let's talk about this, Argentina bailout situation.
0:53.1	Nick, does this prove that libertarianism was wrong,
0:57.4	that Javier Malay is implementing a program that does not work? Clearly, right? No, I mean,
1:03.5	nothing of the sort, which isn't say he's not in a lot of political problems and things like that.
1:10.0	But among other things, since Malay came to power, inflation, annual inflation went down from
1:15.8	something like over 200 percent to 35 percent and continues to drop.
1:20.7	They're showing basic fiscal surpluses.
1:24.8	Things are working well.
1:26.7	He's got political problems. And a big part of that is because
	...

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