After decades of being burdened with leftist Peronists, Argentina finally elected Javier Milei a self-described libertarian. Mr Milei had campaigned on a promise of small government and a passionate commitment to fixing Argentina’s crumbling economy.
An economic paradox of sorts, in the first few decades of the 21st century, Argentina was one of the world’s richest countries. It is now an economic disaster. Burdened with unsustainable debt and very high inflation, Argentina has consistently defaulted on its commitment to international creditors. Mr Milei brings a fresh promise to fix its economic architecture. This podcast explains.