Yes, he can. The starvation level will double or triple.
The unemployment rate will rise 10% or more.
The public debt will soar even without taking care of the poor.
His cabinet members will all be corrupt.
The number of wealthy people leaving the country will soar.
If you know of one thing he will make work please tell us.
He is so radical you have to be on edge about the mass extermination of Argentinians.
He is supposed to cut inflation. That is a laugh. He has no valid policies to cut inflation. This means disinflation not deflation.
The far-right libertarian outsider has pledged to dollarize the economy, abolish the country’s central bank and privatize the pension system.
This means inflation will work in reverse. Not what you want. Instead of inflation in Argentina, there will be no economic growth because there is no central bank printing the peso. Instead deeper and deeper recession will occur because industries will decline further. As one declines the next will decline. Worse there will be no economic underpinnings in Argentina. Not that the prior underpinnings were much good but they existed. It is like economies of scale in reverse.
We know from the Great Depression that deflation is worse than inflation. That is the recipe here for Argentina.
The private pension programs will fail eventually. There will be no backup for the losses.
Argentina needs programs to produce its way out of the very high debt-to-GDP ratio. A policy to employ people and manage the Peso with integrity. Instead, they got a guy who likes cloned dogs. Because he has very little grip on how stupid his ideas are.
I will grant you for a month or two inflation will just about come to a complete stop. It will be a party. Then industry will slow…and slow…and slow…the order of the day will be deflation. It will be the most obnoxioius deflation ever seen. In USD the prices won’t drop if it is an import. If it is produced in Argentina the prices will crash. Workers will all lose their jobs. He can not have an investment plan for infrastructure without taxes or borrowing. In other words, he will come begging the US government to also finance this.