#StablecoinPayments The c$ which Milei mentioned in a social media post on February 14, quickly rose in value before nosediving, causing severe losses for people who had invested in it. Milei has insisted that his post did not constitute an endorsement.

“I’m a techno-optimist … and this was proposed to me as an instrument to help fund Argentine projects,” he said in a television interview. “It’s true that in trying to help out those Argentines, I took a slap in the face.”

I doubt this is it for Milei. But even if it is the beginning of the end, Milei’s politics are here to stay. His leadership style, discourse and actions represent an emerging constituency with both a present and a future.

This is because Milei is not, in my opinion, the effect of a crisis of representation. He is instead a faithful representative of a new reactive society emerging worldwide, which is largely sceptical of institutional mediation and values problem solvers and strong executiv