Steve Moore told Newsmax on Tuesday that the United States’ decision to buy $20 billion in Argentine pesos to help stabilize Argentina’s economy is a “reasonable bridge” to support President Javier Milei, whose free-market reforms have faced resistance at home.
Moore, an economist and Senior Visiting Fellow at the Heritage Foundation, told “Rob Schmitt Tonight” that Milei’s effort to dismantle Argentina’s welfare-state model and curb runaway inflation mirrors the early economic challenges former President Ronald Reagan confronted in the 1980s.
“Milei is doing almost all the right things,” Moore said. “It’s like ripping off a Band-Aid when you try to get rid of socialism. It’s going to hurt a little bit at the beginning, but the dividends will be huge.”
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