It's early into Milei's term and his reforms have barely had time to take hold. There will be pain ahead because decades of bad policies don't work themselves out in weeks or months. But shrinking government, tamping inflation, and stabilizing the currency, make for a solid foundation for future prosperity. Free markets work. Who'd a thunk it? There has not as yet been anything like an authoritarian crackdown on dissent. No journalists have heard that midnight knock on the door, and no communists have been treated to free helicopter rides. Can Milei last? More importantly, will his reforms continue? There's just no way to know. This is Argentina, after all, and political stability has never been the country's strong suit. Voters might look at a successful period of free-market reforms and decide that the next election would be the perfect time to finally go Full Soviet. In the meantime, Milei's results speak for themselves. There's a lesson there for any Republican bold enough to learn it.You go with what works...
Thursday, May 9, 2024
The Rio Option
Milei shows the way:
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