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This is on point. I'm Megna Chakra-Bardi.

Let's go back to a little less than a year ago to a show we did on December 19th, 2024.

Argentina's president, Javier Millet, had been in office for about a year.

He'd slashed at least 30,000 jobs and cut many government programs.

He said his shock therapy would fix Argentina's economy.

Now, at the time, Elon Musk and Vivek Romozoamy, then advisors to President Donald Trump, had said that what Milet was doing in Argentina was what they wanted to do here in the U.S. with Doge, chainsaw the federal government into submission. Well, much of the media coverage at the time focused on Mille's flamboyant personality.

He really did fire up a chainsaw at election events.

There was also talk about poverty levels in Argentina and whether cutting government spending would improve or worsen the problem.

In our show that day, one of our guests, Monica DuBole, slipped something into

the middle of the conversation. So Argentina is an economy that functions with two currencies, not one.

So it has its own currency, the peso, and it also uses the U.S. dollar. And so this kind of dependence on the US dollar

makes it vulnerable to shocks, turns in sentiment,

or even domestic problems.

If people don't trust the currency,

they're not gonna hold it.

Every time Argentina has had a crisis,

it has had that component to it.

What has President Millet done to address that particular issue?

...