On November 19, 2023, Argentina held a historic general election that will likely redefine its existing center-left to center-right party system. Javier Milei, an economist and deputy in the Argentine Congress won election to the Presidency with 56 percent of the vote. In recent decades, Argentina has reeled from a series of economic crises, including debt defaults, depressions and currency crises; the inflation rate topped 120 percent as of October. These woes have greatly impacted the standard of living of ordinary people, as the depreciation of Argentina’s currency induces unpredictability and effectively erases private savings by forcing up the real cost of goods.

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