Welcome to today's discussion. My name is Glenn Dyson and with me today is Alexander Mercuris

from the Duran and Jeffrey Sachs, a world renowned and very influential economists to advise

many countries around the world, including the administration of Gorbachev and Yeltsin. Welcome,

Professor Sachs. Great to be with you, Glenn and Alexander, both of you.

So our topic today, we wanted to focus on two, maybe two-eyed topics.

The first would be then, what are the main economic changes in the world?

So as an economist, perhaps you can shed some light.

So we see from this

election in Argentina, we see Iran deepening its economic ties with Russia now with this free trade

agreement, but also linking itself to China. We see the wider Eurasian integration. We see now

Russia's economic return to the Middle East, as we're also in Saudi Arabia,

and UAE. This is quite putting on a bit of spectacular show. And if we have time, of course,

we'd like to look also at some of the solutions, if it's possible, to some of the economic

and political challenges today, such as the sustainability of U.S. debt and the stability of the dollar, which I guess,

well, many would like to see it has a lower or more weaker status in the world.

Collapse would be horrible probably for everyone.

But, yeah, if you don't mind, I thought we could start with Argentina, because for me,

this case is very strange, a hard time making sense of it.

Obviously, Argentina has a lot of problem with inflation and other economic problems,

so I can understand the appetite for radical reforms.

But the election of Javier, Mi is very radical, I think, even

radical for Friedrich Hayek and Milton Friedman.

...