Source: Cato Institute
by Scott Lincicome
“When it became clear in late 2023 that Javier Milei would become the next president of Argentina, the response from many economists and analysts was borderline apoplectic. They warned that the profane self-described libertarian … would inflict on Argentina’s already-beleaguered economy ‘deep recession,’ ‘devastation,’ ‘economic collapse,’ and all sorts of other economic horribles. … Then, a funny thing happened as Milei worked to enact his slash-and-burn agenda: Things in Argentina got better, and the doomsayers went quiet. A few brave souls, to their credit, have since issued mea culpas, but most of them haven’t. That’s probably because doing so would acknowledge the success of not only Milei, but also the libertarian ideas they so disdain.” (03/27/25)
https://www.cato.org/commentary/javier-milei-legitimacy-libertarian-policy