Javier Milei never professed to be humble. But publishing a book about his presidency entitled Constructing the Miracle? Fronting a rock concert to launch it? Singing ‘I am the king’ to the crowd? He did all this on 7 October, and well, it was a step up.

Perhaps Milei should be more humble. In recent weeks he borrowed some $20 billion from Donald Trump and the United States to prop up the remnants of his ‘miracle’. Despite being lauded internationally for much of his first two years as president for reining in inflation and delivering a fiscal surplus, the cracks Milei has been papering over have now become chasms.

Milei is facing a serious battle to deliver in this weekend’s midterm elections, where Argentines will elect representatives to Congress, with several analysts warning of potential disaster if his party stumbles to defeat. Milei’s party currently has only a handful of seats, limiting somewhat his ability to govern and forcing him into passing laws by decree. The midterms were supposed to be the moment that the........

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