So said Argentine President Javier Milei in an interview with The Economist which, even in their wet and woke state, they chose as the title of their article.

After one year of his presidency the following has been achieved:

  • Reduction in inflation to 2.7%.
  • A 170% increase in rental supply and a 40% drop in real rent costs. (Done by lifting price controls).
  • The first budget surplus since 2008.
  • Government spending 30% lower in real terms.
  • Country default risk fallen by 40%.
  • A reduction in the number of ministries from 18 to eight.
  • A reduction in the black-market premium from over 100% to 25%.
  • 30,000 government officials sacked.
  • New foreign direct investment from relaxation of trade laws in July.
  • Recovering living standards.

Javier Milei says that “much remains to be done”, which is true because Argentina is having a mild recession, but it’s clearly bottomed out and growth looks to accelerate. Things could still go wrong, Milei is not just fighting today’s Left but over a century of steady drift to Left-Wing economic policies, mixed with corporate-state corruption, and all it would take to stop him would be something like a GFC, over which he would have no control, but which negative impact would be placed at his feet.

Just for a laugh – in regard to that news about rental supply increasing by 170% while real rent costs dropped by 40% – here’s the Left’s response when I put this up on The Standard a few months ago:

Difficult economic times lead to fundraising – such as the pawning of goods, renting out of rooms/taking in boarders as well – SPC
…
Where did these newly available rental units come from?
Were they vacant because the rent control discouraged rentals?
Did landlords evict a shed load of long term tenants? – “Joe90″

Will.
Never.
Learn.
Ever.