Do populists always crash the economy?

<p>Argentina is counting the cost of its turn to Javier Milei. Politicians from Donald Trump to Giorgia Meloni and Nigel Farage will be closely watching what happens next</p><p>“<em>Cambio</em>, <em>cambio</em>.” Under the blazing sun, dozens of money changers are hawking US dollars along Florida Street, a bustling pedestrian strip in Buenos Aires. Known as <em>arbolitos</em> (“little trees”), they are thriving ahead of the 26 October midterm elections in a country long used to saving in the greenback.</p><p>“The best time to buy is now,” says one <em>arbolito</em>, declining to give her name. “[The dollar] went down a little but it is a fake-out – it’ll rise again.”</p> <a href="https://www.theguardian.com/news/ng-interactive/2025/oct/26/do-populists-always-crash-the-economy">Continue reading...</a>