Is Milei’s Success in Argentina a Model for Trump?

Skip to comments.

Posted on 12/26/2024 12:17:23 PM PST by E. Pluribus Unum

Argentina’s President Javier Milei had plenty to celebrate at the end of his first year in office. Often seen waving a chainsaw during his presidential election campaign last year, Milei, a supporter of free markets and limited government, told the crowd: “Today, with pride and hope, I can tell you that we have passed the test of fire. We are leaving the desert, the recession is over, and our country has finally begun to grow.”

No Hyperbole

Over the past year, Milei has single-handedly eliminated 10 of Argentina’s 18 government agencies altogether, fired 34,000 government workers, and cut government spending by one-third. The country’s economy, which shrank by 3.5 percent this year, is on target to grow by 5 percent in 2025.

Inflation, which was running at nearly 30 percent per month prior to Milei’s election, has settled down to less than three percent. And further reductions are likely, as the country’s treasury is enjoying surpluses for the first time in years.

Investors have enjoyed a ride, with the Argentinian stock market skyrocketing an astonishing 66 percent just since Milei’s inauguration.

And his citizens have enjoyed significant tangible economic benefits as well. Thanks to the elimination of more than 330 federal regulations (including eliminating rent controls), the price of clothing has dropped by 20 percent and the cost of home appliances has dropped by a third. For the first time in years, wage growth has exceeded the rate of inflation.

Public opinion polls reflect the new optimism. Gallup’s December poll reported that more than four in 10 Argentinians say that the economy is getting better, up from just one in four a year ago, and more than half say that their own personal standard of living is improving, too.

(Excerpt) Read more at thenewamerican.com ...

Click here: to donate by Credit Card

Or here: to donate by PayPal

Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794

Thank you very much and God bless you.

It would be so sweet watching all overpaid federal employees forced to seek gainful employment.

To: E. Pluribus Unum

2 posted on 12/26/2024 12:22:20 PM PST by Uncle Miltie ("Israel will just have to ... kill more Christians” - FR's own "nitzy")

To: E. Pluribus Unum

3 posted on 12/26/2024 12:23:05 PM PST by MtnClimber (For photos of scenery, wildlife and climbing, click on my screen name for my FR home page.)

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

FreeRepublic.com is powered by software copyright 2000-2008 John Robinson