Where Is Our Javier Milei?

[Geee]

Issues & Insights

The new Argentinian president is a radical, a far-right outsider and a right-wing reactionary, if the press is to be believed. But he’s not at all the demon that the mental-case media claims he is. Javier Milei is the type of elected official – note that we didn’t say “politician” – that this country needs. In fact, every nation on the planet could use a Javier Milei.

“No country declined as rapidly or as severely as Argentina,” Investopedia said a year ago in a post explaining the country’s relationship with socialism. “In 1989 the average inflation rate in Argentina approached 5,000%, and in March 1990 it peaked at over 20,000%.” 

Also mentioned were the country’s sovereign debt default, as well as its “political corruption and an irresponsible monetary policy.” Our friends at the Committee to Unleash prosperity tells us that 45% of Argentina’s “46 million people are in poverty and the economy is on the edge of hyperinflation” and that “over the past 50 years government spending as a share of the economy has almost doubled.”

All of these problems in what was once one of the 10 richest countries on Earth, overflowing with natural resources, have been caused not by not enough government intervention into the economy and daily lives but by too much.