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Over the past few months, Peter Thiel has become fully infatuated with Argentina. He bought a house there, enrolled his kids in school, has been attending local soccer matches, playing chess with locals, and the Argentine government is exploring offering the billionaire permanent residence and citizenship.

But why Argentina? Why now? Ryan Mac is a reporter at the New York Times and he's been covering Peter Theil's increased fascination with the country. Today, he's joining me to unpack Thiel's new obsession, and why other billionaires also seem taken by Argentina lately.