Javier Milei is Succeeding in Argentina. Will Trump and Musk Follow in the US?
Argentina’s stock market is up 153% this year.
But a year ago, Argentina was in a crisis: Inflation was nearly 300% annualized, swaths of the population were employed by the government as “gnocchis” – showing up at the end of the month to collect a paycheck, and little more – and almost nobody would lend the country money anymore.
Then came Javier Milei, a (symbolic) chainsaw-wielding libertarian economist. He’s chopped inflation down to 2.4%, cut thousands of government jobs, and overseen a stock market that’s risen 153%.
And reportedly, Elon Musk has taken notice: DOGE is rumored to have been at least partially inspired by Milei’s successful-so-far cost cuts in Argentina.
Will Milei – or at least Milei’s example, in the form of Argentina – pull the US and other countries to the right, or at least toward economic libertarianism? The world is about to find out.
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This article is for informational purposes only and is neither investment advice nor a solicitation to buy or sell securities. All investment involves inherent risks, including the total loss of principal, and past performance is not a guarantee of future results. Always conduct thorough research or consult with a financial expert before making any investment decisions. Neither the author nor BBAE has a position in any investment mentioned.
