Javier Milei's Economic Reforms Divide Argentina and Inspire U.S. Libertarians

Argentina's libertarian president has slashed state spending and inflation, but faces criticism over rising poverty and controversial currency policies.

Javier Milei, Argentina's libertarian president, has implemented aggressive economic reforms, including halving government ministries, cutting subsidies, and reducing inflation from crisis levels.
Despite these measures, poverty rates have risen, and critics argue his policies have disproportionately hurt vulnerable groups, such as pensioners and small businesses.
Milei's deregulation and cost-cutting agenda has drawn praise from U.S. figures like Elon Musk, who sees parallels with plans for reducing federal government spending under the Trump administration.
However, analysts warn that Milei's fixed exchange rate policy and delayed currency liberalization could lead to economic instability, echoing past Argentine crises.
While Milei's reforms have inspired libertarian movements globally, skepticism remains about their long-term sustainability and broader applicability outside Argentina.