The Intra-Austrian Debate over Milei and the Central Bank

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Tags: Central Banks, Financial Markets, Money and Banks

12/08/2025 Robert P. Murphy

This week, Bob walks through two related debates: Hoppe’s criticism of Argentina’s President Milei for not immediately closing Argentina’s central bank, and the follow-up exchange between Guido Hülsmann and Philipp Bagus on Mises.org over dollarization and the peso. Along the way, he reviews Mises’s distinctions among commodity, credit, and fiat money, the concepts of money substitutes and fiduciary media, and the interesting structure of Argentina’s short-term central bank debt

Guido Hülsmann and Philipp Bagus’ Debate on Mises.org: Mises.org/HAP529a
The Human Action Podcast Episode with Nicolás Cachanosky: Mises.org/HAP529b
Bob’s Study Guide to The Theory of Money and Credit: Mises.org/HAP529c

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