menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

How Trump Can Help Accelerate Argentina's Economic Comeback

1 0
yesterday

President Donald Trump and Argentine President Javier Milei have a special relationship. Each is engaged in a crusade to make his respective country's economy great again. Trump was all in on helping Milei win his elections earlier this year, and he has also offered the Argentines a $20 billion "lifeline" as they adjust to the bumpy path to needed free-market reforms.

The stakes are gigantic because the whole world is watching Milei's embrace of free-market "shock capitalism," which so far is working. He has restored sound money (by linking to the dollar) and taken a chainsaw to the bloated state bureaucracy as he privatizes rather than nationalizes government assets.

Argentina's tragic detour into the dead end of socialism drove the nation into a half-century-long economic ditch, with poverty rates skyrocketing.

But for Milei's capitalist comeback plan to succeed, he must uphold the rule of law and fairly compensate injured parties who lost tens of billions........

© Townhall