Showing all posts tagged #latin-america:

Misreading Milei: The American press can only see Argentina through a US lens

December 12th, 2023

It's been frustrating to see the US coverage of Milei, Argentina's new president. The American press seems to deeply misunderstand what's going on. It seems the US reporters can only understand Argentine politics through the lens of the US, when really it's just a totally different situation. For one thing, the American press loves to call Milei a "populist", which couldn't be more incorrect. He ran against the populist left (the Peronists), ...

A libertarian just won Argentina's presidency... what's going on?

November 21st, 2023

If you're wondering how the heck a hardline libertarian just won the Argentinian presidential election, here's some background. First, a key fact is that the government is printing money at an accelerating rate, resulting in 143% annual inflation as of the most recent count. The economy is deteriorating rapidly, the poverty rate has spiked to more than 40%, and the daily indignities of Argentina's topsy turvy monetary policy are mounting. If ...

Inside Argentina's currency exchange black markets

September 10th, 2022

In Argentina, your money is worth double if you skip the airport currency exchange and instead go to one of the many black market exchanges hidden throughout Buenos Aires. These illegal exchanges are called "cuevas" (the word for "cave" in Spanish), and they are a crucial part of Argentina's financial infrastructure. Argentinians are constantly exchanging their pesos (ARS) for other currencies, usually US dollars (USD), and back again because ...

Buenos Aires recommendations

March 6th, 2022

I wrote a Buenos Aires guide with recommendations and tips for a group of friends I was traveling with in December 2021, and I figured it might be useful to other people too. I adore Buenos Aires and spend about a month each year there, so I'm always thrilled to hear when friends are going to spend time in the city, and I love sharing what I know about the place with newcomers. Buenos Aires is an underrated city. My friends are often surpris...

Field notes: Panamá, SEZs, & biotech

February 5th, 2022

I just spent a week in Panamá City, and figured I'd share my observations in case they're useful to anyone else interested in similar questions. The purpose of the trip was to research locations for a gene therapy/stem cell clinic that my friend is planning to start. I also explored a few of Panamá's Special Economic Zones (SEZs) as part of my ongoing research about startup cities, as well as to learn about the opportunities they offer for bu...

My questions about Próspera, answered

August 30th, 2021

I recently visited Próspera, a Honduran startup city. I had a ton of questions and figured others might too, so I wrote an FAQ to share what I learned: Próspera FAQ This FAQ is intended as a reference, covering the basic facts and current status of the project. My hope is that this document will help startup city builders learn from the path Próspera is carving. It covers a range of topics:infrastructure in Próspera and its neighborsHonduras'...