Source: Independent Institute
by Alvaro Vargas Llosa
“One problem with raising expectations, as a government such as Javier Milei’s did in Argentina, is that when things don’t look as bright as one would like, people begin to lose faith in the ideas. Much emphasis was placed at the beginning on the superiority of the libertarian ideas the president professes, and they were proclaimed with such forceful, aggressive assertiveness that, even though he himself made clear it would take time and sacrifices to clean up the disaster he inherited, people became convinced of the inevitability of progress. Such faith inevitably carried with it high expectations and impatience. Now, almost two and a half years into his administration, many Argentines are losing sight of the legacy of so many years of failed policies he had to confront when he came into office and beginning to associate what is happening today … with the present administration rather than past ones.” (05/25/26)
https://www.independent.org/article/2026/05/25/milei-economy-struggling/