Javier Milei is Succeeding in Argentina. Will Trump and Musk Follow in the US?
Argentina’s stock market is up 153%, and inflation fell from 287% to 2.4%. Will Javier Mieli inspire Trump and Musk to liberalize the US economy?
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.
