Buenos Aires, Argentina – Late last month, Argentinian President Javier Milei uploaded a characteristically odd photo on social media. It showed him posing with his cabinet behind a golden chainsaw – a callback to the campaign prop Milei wielded at rallies to punctuate his support for spending cuts. An accompanying caption read: “The best government in history.”
That bravado may still prove premature but, for now, Milei’s supporters say he has delivered on at least some of his promises – even if many Argentinians are suffering the consequences.
In his first year of his presidency, Milei’s commitment to a draconian fiscal adjustment has begun to change a country that was prone to economic stagnation and runaway inflation, driven by years of wild money-printing that paid for government deficits.
A self-described anarcho-capitalist, Milei revved-up his chainsaw immediately…
