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The Guardian - UK
The Guardian - UK
World
Heather Stewart Economics editor

Do populists always crash the economy?

Nigel Farage, Javier Milei, Donald Trump
Nigel Farage, Javier Milei, Donald Trump. Composite: Guardian Design/Shutterstock/AP/Reuters

“Cambio, cambio.” Under the blazing sun, dozens of money changers are hawking US dollars along Florida Street, a bustling pedestrian strip in Buenos Aires. Known as arbolitos (“little trees”), they are thriving ahead of the 26 October midterm elections in a country long used to saving in the greenback.

“The best time to buy is now,” says one arbolito, declining to give her name. “[The dollar] went down a little but it is a fake-out – it’ll rise again.”

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