The economic “shock therapy” prescribed by Javier Milei, the new libertarian president of Argentina, reflects the free market and fiscal discipline convictions of the president and his clear understanding of the small window of opportunity he has to implement the policies needed to stabilize and transform the country. His strategy is full of economic and political risks, but it seems to offer the maximum chances of success given the constraints he faces.
Milei took office on December 10 in the wake of an economic crisis and economic mismanagement by his predecessor, Alberto Fernández. Annual…
