Javier Milei

  Since taking office as Argentina’s president in December 2023, Javier Milei has done something remarkable. He has reduced the annual inflation from 211 percent to 33.5 percent and balanced the budget for the first time in over a decade. His unexpectedly strong victory in Sunday’s midterm elections appears to validate his approach domestically, with US Treasury Secretary Scott Bessent’s announcement […]

  Argentina’s congressional elections in October brought victory for President Javier Milei and a broad confirmation of his policies. President Milei has introduced reforms in Argentina that were long overdue – the kind that are overdue in the United States and Europe as well. Expedient politics that buy votes through excessive clientelism, combined with an oversized, overcontrolling state, […]

  Last week, the budgetary initiative of United States President Donald Trump’s administration, dubbed the “One Big, Beautiful Bill,” was successfully passed into law. This development prompts us to reflect on the current state of global economies, even as the intense criticism surrounding the bill may be misguided. Looking at macroeconomic data, it becomes obvious […]

  French sovereign bonds are currently trading at yields comparable to those of Greek bonds. Although France’s bonds are still rated higher than Greece’s, they are edging toward the lowest investment-grade level. The unfavorable ratings are deserved: They are based on economic and fiscal realities. In fact, French bonds are still overrated; some might consider […]

  Javier Lanari, Milei’s Media Sub-Secretary, claimed that Argentina’s annual inflation dropped from 17.0% to 8% in record time. This statement has been heavily promoted by Milei’s administration, likely for political reasons—face-value numbers are easy to market as a success. However, I question the use of these figures, as well as Lanari’s enthusiastic yet premature assertion that […]