Long before Javier Milei became a household name beyond Argentina, when he was still widely regarded as a flamboyant television economist, Philipp Bagus was already debating with him the principles of sound money, individual liberty, and the foundations of a free-market economy. What once seemed like an academic discussion has since evolved into the governing philosophy of a country whose bold economic reforms have captured global attention.
Bagus has not observed this transformation from afar. He is among the very few European economists who have known Javier Milei personally for years and have followed his economic thinking long before it became the blueprint of a national reform agenda. His book The Milei Era is not a commentary on current affairs, but the result of years of intellectual exchange on monetary order, private property, and the limits of government intervention. That Milei himself wrote the foreword is a testament to the exceptional relationship they have built.
For almost two decades, Bagus has taught and conducted research at Universidad Rey Juan Carlos in Madrid, where he has become one of the internationally recognised representatives of the Austrian School of Economics. His work focuses on monetary theory, central banking, inflation, deflation, and the long-term consequences of government intervention in economic life. International recognition came early with his book The Tragedy of the Euro, which identified the structural weaknesses of the European monetary system at the very outset of the Euro crisis and has since been translated into numerous languages.
What distinguishes Bagus is the rare combination of academic depth and immediate political relevance. While many economic debates revolve around short-term indicators and cyclical developments, he consistently returns to the underlying questions: What constitutes sound money? What are the long-term consequences of permanent public debt? How much state intervention can a free economy absorb without undermining its own vitality? His answers are not shaped by political fashion but by a coherent intellectual tradition centred on individual liberty, private property, and the principles of the free market.
That is precisely why his perspective is of particular relevance to B-Safe26. At a time when sovereign debt continues to rise, currencies face mounting pressure, and global economic power is steadily shifting, Bagus asks the fundamental question: What are the conditions for lasting prosperity? His analysis goes beyond explaining why existing systems are reaching their limits; it explores the alternatives that may define the economic order of the future.
Those who listen to Philipp Bagus will hear far more than another assessment of Argentina. They will gain a rare insight into the economic philosophy that underpins Javier Milei’s reforms – and, with it, one of the most closely watched economic transformation projects of our time.
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