Argentina's Free-Market Comeback Is Good for America
When Argentina’s anarcho-capitalist, chainsaw-wielding President Javier Milei took office in late 2023, much of the mainstream commentary, and even many economists, predicted chaos. A hard-line libertarian, well-schooled in Austrian economics, pledged to slash spending, devalue the currency, and dismantle large swaths of the Argentinian state. Even free market economists were skeptical that the student of Mises and Hayek would be able to beat back decades of decline under Peronist rule, or that Argentine voters would tolerate Milei’s “shock therapy.”
