Milei, Markets, and Mirage: Why Argentina’s “Success” Is Not What It Seems (opens in new tab)

There is a growing narrative in the international press, and among those who consume it, that Javier Milei has turned Argentina into a success story. Inflation is supposedly down, poverty is falling, growth is rebounding, and the long-standing problems of fiscal excess and state overreach are said to be finally resolved. For some, this is taken as vindication of “free market” principles. But before we rush to declare ideological victory, it is worth pausing. If one is willing to infer from Ar...