STEPHEN MOORE: How Trump Can Help Accelerate Argentina’s Economic Comeback |
Donald Trump and Argentine President Javier Milei have a special relationship. They are both engaged in a crusade to make their economies great again. Trump was all in helping Milei win his elections earlier this year. He has also offered the Argentines a $20 billion “lifeline” as they adjust to the bumpy path to free-market reforms. There’s some short-term pain for long-term gain here.
The stakes are gigantic because the whole world is watching Milei’s embrace of free market “shock capitalism,” which, so far, is working. He has restored sound money (by linking to the dollar), and taken a chainsaw to the bloated state bureaucracy, as he privatizes rather than nationalizes government assets.
Argentina’s tragic detour into the dead end of socialism drove the nation into a half-century long economic ditch with poverty rates skyrocketing. (RELATED: ‘Experts’ Warned Free Markets Would Ruin Argentina — Looks Like They Were Dead Wrong)
But for Milei’s capitalist comeback plan to succeed, he must uphold the rule of law and fairly compensate injured parties who lost tens........