Elon Musk recently posted a tweet featuring a photo from an event that included the Presidents of Argentina and the United States, alongside himself. What stood out was Musk tagging both Donald Trump and Javier Milei in the post. Link to the tweet. This subtle move could carry deeper meaning, sparking speculation about the message behind it.
Let’s start by understanding who Javier Milei is.
Who Is Javier Milei?
Javier Gerardo Milei, born on October 22, 1970, in the Palermo district of Buenos Aires, Argentina, is of Italian and Croatian descent. In his younger years, Milei was a goalkeeper for the Chacarita Juniors football team. However, his growing interest in Argentina’s economic challenges led him to pursue a career in economics.
Milei holds a bachelor’s degree in economics from Belgrano University and earned master’s degrees in economics from the Institute of Economic and Social Development and Torcuato Di Tella University.
In the 2023 presidential elections, Milei emerged victorious, winning the runoff with 55.95% of the vote. He was sworn in as Argentina’s president on December 10, 2023, beginning a four-year term.
Milei is known for his bold economic reform plans, which include slashing government spending, shutting down Argentina’s central bank, and introducing dollarization policies.
Milei’s Vision for Reform
Cutting Government Spending
One of Milei’s main goals is to drastically reduce public spending. He plans to cut expenditures equivalent to 13% of Argentina’s GDP by mid-2025. This involves downsizing government ministries, ending subsidies, and allowing businesses to trade in dollars. These measures aim to reduce Argentina’s fiscal deficit and prevent sovereign debt defaults.
Abolishing the Central Bank
Milei has repeatedly criticized Argentina’s central bank, calling it unnecessary and “the worst garbage in the world.” He believes that by printing excessive money to fund government overspending, the bank has fueled runaway inflation. His plan is straightforward: shut it down.
Pushing for Dollarization
Milei proposes to dollarize Argentina’s economy, giving people the freedom to choose their currency—similar to what El Salvador has done. He argues that lifting capital controls will naturally lead to a dollar-based economy. However, critics point out that Argentina lacks the necessary dollar reserves to fully implement such a policy.
In a recent interview, Milei emphasized there is “no Plan B for the economy,” signaling his determination to carry out bold monetary reforms. Watch the interview here.
Milei and Musk: A Shared Vision?
Milei and Musk’s ideas seem to resonate with each other. Their mutual focus on reducing inefficiencies and promoting innovation aligns with Milei’s proposed reforms and Musk’s strategies for his ventures.
For example, Musk’s creation of the DOGE Department—a move designed to cut costs and improve efficiency—reflects similar principles. Musk has also been a vocal supporter of cryptocurrencies, particularly Dogecoin. He views Dogecoin’s slight inflation as a strength, making it comparable to the dollar while maintaining a much lower inflation rate.
A Bold Collaboration: Trump, Musk, and Milei
If Donald Trump, Elon Musk, and Javier Milei were to join forces, the results could be transformative. Milei’s background in the Austrian School of Economics and his support for cryptocurrencies could pave the way for an intriguing experiment: using Dogecoin as a national currency.
Imagine Argentina adopting Dogecoin as a test case for mainstream cryptocurrency circulation. If successful, Musk might scale up this model, positioning Dogecoin as a global alternative to the US dollar.
In such a scenario, Dogecoin could quickly rise to $1, eventually becoming a “better dollar.” At that point, 1 Dogecoin = 1 Dogecoin—a stable and widely accepted global currency.
