This is a Cato special podcast. I'm Caleb Brown. It was a stunning victory for a

broadly free market candidate for president in Argentina. The economist Javier

Malay will take office in Argentina. Economist Javier Malay will take office in December.

Cato's Daniel Raisbeck says the economic program of Mr. Milay, dollarization, free trade,

large cuts to government are promising,

in comparison to Mr. Milay to the performative antics of former President Trump

are at best highly superficial.

Javier Milay, the incoming president of Argentina, has been compared to Donald Trump.

He has been called far-right.

How fair is that?

I think it's a very superficial comparison. You do have to take into account that

Milay himself hasn't discouraged those comparisons and has even encouraged them with both Trump and former Brazilian President Yair Bolsonaro.

But if you look beyond the surface and the style which is maybe vulgar and charismatic and some would say

populists. If you look at the policies that Milay is offering for Argentina,

they're completely different. In fact, the total opposite of

Trump-like economic nationalism and protectionism and tariffs.

Milly on the contrary, he wants to get rid of the Central Bank, get rid of the national currency,

dollarize the economy, and unilaterally open Argentina to world trade.

So it's completely opposite to what Trump wanted to do.

And also, Bolsonaro was very much an economic nationalist, even though he had to come to terms also with a strong

libertarian movement in Brazil. But I think it's very different and also on a personal level

well Trump is a real estate tycoon.

...