 the social media influencers, the memes, the chainsaws, which I want to talk about because he is fan, there he is on the cover of an AP article, wielding a chainsaw, his supporters. There's videos of them running chainsaws. I even saw a guy with a chainsaw mask, like walking into the voting booth. The title of this article for our listeners is a man, a plan, a chainsaw. And that's because Millay has presented something called the chainsaw plan. Here, this quote at the beginning, to your point, he says, the cast is trembling. He yells while brandishing a chainsaw. And he presented the chainsaw plan in central Cordoba province in June, 2022. It is his blueprint for the wholesale reform of the state to slash public spending, scrap half the government's ministries, sell state-owned companies and eliminate the central bank. That all sounds pretty good to a libertarian. If he is elected, what are the political realities? How much of that of his agenda do you believe that he could accomplish? Well, that's a good question because it's key to what many voters are considering when thinking about voting for Millay. The reality is that if he gets elected president, his party will not have more than 15% of Congress seats, neither in the House of Representatives nor in the Senate. So he will command a minority and not even the first one. The first minority will be the Peronist party. Then you will have the Juntos por el Cambio Coalition. If it still exists, and otherwise you will have many small parties, and then you get his. So he will not have more than 15% of all Congress people, which is going to be a problem for sure if he doesn't cut any alliances. Now the question is, after Bullrich's endorsement last night, and we're expecting an endorsement by, a formal endorsement by President Macri, who's just, he hasn't formally endorsed him, but not officially yet. If he cuts an alliance with them, he may increase the size of his legislative group, but it's going to be hard for him to form majorities in Congress. And then there's the question of who would be, part of his team, of his economic team, who would be his ministers, his minister of economy, for example. We don't really know much about that. There's some expectation that an alliance with Bullrich and Macri will provide him with the kind of people he needs, people with the expertise, people who know what the challenges inside the state are, but it's unclear really what would happen. Also because after he won the August primaries and there was this panic in markets, he sort of backed down in a way from his proposals, because before that he was just saying, he was talking about dollarization, but there were no specifics in the program and it just seemed like he would dollarize the economy on day one, but after the August primary and to try to calm everyone down, he said, dollarization is something that will happen in the, not in the long term, but not immediately either, like in 12 months or 24 months, and there will be a transition period and things will be smooth so as to not hurt people. So in a way, it's unclear exactly what he will do and with whom he will do all of his proposals, which is what's scaring people now. Many people on the center right are thinking, well, the election is over. Even if I vote for Mille, he's probably gonna lose, but if he wins, he will not be able to do anything. So many people, what I sense these days is a lot of sadness on the center right, just because Mille didn't do better on the Sunday election and because the math doesn't really add up neither for the run-off nor for a potential administration. But Argentina is like a Pandora box, everything changes significantly week to week, so everything could change. How much autonomy or how much cooperation would he need in order to push that, what's really the central proposition of his campaign, the dollarization, the abolition of the central bank? Is that something he would have much leeway in doing even if he had a uncooperative legislature? And is there a way, we talked about it a little bit at the beginning, but is there a way to implement dollarization? Do you think that would not create the sort of nightmare scenario that spooked the markets? Well, the alternative to hyperinflation, if you wanna dollarize, is to borrow money basically. And now that's where Mille's capacity to attract investments gets sort of calling to question. If Mille, for example, were to seal an alliance, an executive alliance with Mulrich or Macri, then those people may be able to convince investors to borrow, to lend the Argentine state money so that the state actually has some dollars to dollarize and so that the exchange rate doesn't need to go through the roof. That's the alternative. It will require that the state take a lot of debt. It's unclear whether Mille would be able to do that. And if he were to do that, then he would have to proceed with his fiscal adjustment plan much more quickly than expected because he would have to pay that debt down, of course, and the state is already indebted. So that would be a problem. And what was the first question? I forgot about that. Sorry. It was just, could he, how much buy-in does he need from the employer to do it? And he needs, yeah, and I'm not sure about technicalities. I think that he may have people on his legal team trying to figure out whether he could bypass Congress for many of the proposals that he wants to implement. I'm not sure he can do that. Argentine presidents do get a lot of leeway through degrees, but there are some areas in which it is constitutionally forbidden to issue a decrease. I don't think, I'm not sure if monetary policy fits into one of those categories. I don't think so, but it's likely that if Millet does something that Congress doesn't like, Congress does have the authority to override the decree. If Congress gets two thirds of a majority, then they can override whatever it is that the government is trying to do. And so if that's the case and Millet can't get one third of Congress to support him, then he would be in danger. He would be, in my view, the most important danger that he would face as president is that he would get impeached. Impeachment would be a real possibility because if he only has 15% of the vote, whatever he does that the opposition doesn't like, they will turn that into grounds for impeachment and it will impeachment for sure. If he's unpopular enough, of course, if the opposition thinks that it will be in their benefit to impeach Millet, they will do it. That's, of course, assuming he will actually get elected president. But I think that's, his biggest concern right now should be that, really, because the election for Congress has been done already. That's not gonna change with the runoff and he will just not have many Congress people. So that's what I would be focusing on right now, how to avoid impeachment on day one or day two. Hey, thanks for watching that clip of our talk with Marcos Falcone about the presidential candidacy of Javier Millet. You can watch the full conversation here or another clip over here.