By Mudit Jain

Argentinean President Javier Milei is a self-described anarcho-capitalist, which means he supports replacing the state with free markets and private entities. He can also be described as a minarchist, supporting a “night watchman” state whose only function is to preserve its citizens’ safety and property rights. In simple words, for Milei, citizens should have the freedom and responsibility to support themselves through their own enterprise, both economic and social, with the state providing only military, police and law courts.

As soon as he entered office in December 2023, Milei implemented shock treatment — much needed after years of hyperinflation and rampant taxing and spending led to low investment and capital flight. Let’s look at what he has achieved in one year since then.

The new president has achieved all this through drastic cuts in government spending and regulation, allowing the markets to perform the basic function........

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