Argentina's Javier Milei Lost the Markets and Turned to Donald Trump

I take it that indiscriminately cutting government spending "with a chainsaw"[a] didn't work like he expected.

Sigh.

[a] https://apnews.com/article/milei-argentina-chainsaw-fed35a37...

the problem is that the congress is controlled by the oposition who only wants to come back to power, all the deep reforms that milei sent to the congress were cancelled last week. Its not that the chainsaw didnt work, it seems that fp does not understand argentine politics or doesnt want to. Its not intellectually honest

The socialist policies were ruining the country so much that taking any other course of action would be suicide. He's actually doing a great job in restoring sanity but unfortunately that takes time.

In this case it's the currency controls which artificially makes the peso more valuable against the dollar. It's an awful way to hide how badly you are actually doing. But apparently it was politically impossible for him to deal with it until now. His mistake was of course not doing so earlier.

He is an odd fellow for sure but labeling him as a delusional libertarian is very unfair.

“The problem with libertarianism is that you eventually run out of other people's money.”