It’s Time the World Noticed the Argentine Economic Miracle
Javier Milei’s free-market gamble is paying off. So of course the Enemedia is pretending that it isn't.
NOTE: Yesterday we looked at Israel’s economic miracle under Benjamin Netanyahu. Today we take a look at Argentina’s, where the much-hated (by our Enemedia and leftist elites) Javier Milei is creating his own miracle in a country that truly needs it.
At the beginning of the 20th Century, Argentina was richer per capita than the United States. Unfortunately, that stoked the typical leftist belief that everything is a zero-sum game (because to the left, politics is everything, and power is indeed zero-sum). A succession of horrible governments needlessly squandered Argentina’s wealth and the futures of its people. It didn’t have to be Third World. But it shows that even the richest countries can become that, if they’re foolish enough to elect, perhaps, AOC.
Milei is unshackling his people, far faster than anyone could have reasonably hoped. But that’s the thing about freedom: it does work fast. And the Enemedia always misses it. In 1983, before the recession ended and inflation was slain, they said Reagan would lose re-election the next year. He won 49 states, on the strength of an unprecedented economic boom and a wave of optimism unlike any in my lifetime.
Freedom works, fast. Milei’s Miracle hasn’t fully taken root yet. But it’s happening. And his critics will still be lying about it long after it’s transformed his country, exactly as they did at the beginning of the 20th Century. Because for the left, envy trumps prosperity all day long.
Don’t listen to them. — RDM
by Matthew Lynn
October 8, 2025
The dire warnings from the economic establishment that Milei’s bold experiment in slashing the burden of the state have been proved woefully wide of the mark. Growth has accelerated, inflation is coming under control, rents are falling, and the country’s debts are steadily becoming more manageable.
The only question now is this: when will the rest of the world wake up to the Argentinian miracle?
While France scraps bank holidays to keep the bond markets happy and watches yet another government collapse after just 12 hours in office, while British Chancellor Rachel Reeves struggles to fill the latest “black hole” in the nation’s books, one country — and a very unlikely one as well — is getting upgraded.
It is a testament to how very fast freedom can turn things around.