Argentina: Can Milei Wake a Dead Economy?
Argentina is perhaps the most fascinating economic experiment taking place anywhere in the Western Hemisphere. This was once among the wealthiest nations in the world. Generations of political corruption, socialism, currency destruction, defaults, subsidies, and government intervention turned that e
Source: Armstrong Economics
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DW NOTE
Argentina has defaulted nine times since independence. Milei inherited a 211% annualised inflation rate and an economy where 54% of the population lives below the poverty line. The question isn't whether he can wake it — it's whether the political class will let him finish the surgery before the patient bolts for the anaesthetic of price controls and subsidies again.