Argentina public debt continues to decline.
What Milei is doing is nothing short of a miracle. His policies should be studied by all countries with a debt problem.
His reversal of hyperinflation and committment to budget surplus will be in the history books next to Mises 1922 and Volcker in 1975.
Technically what he has done seems simple and common sense - spend less than you earn - but in the real world and with politics things are never so easy. The bad incentives for the very same politicians that have to make the tough decisions and think long term mean that they hardly ever do.
#P2P
