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Published July 10, 2024"What’s happening in Argentina right now is one of the most overlooked economic stories in the world.Eighteen months ago, Argentina was in free fall.- Inflation had hit 211%.- The poverty rate was over 40%.- The government was spending itself into oblivion, running a deficit over 4% of GDP.- Confidence in the economy had all but evaporated.And then something unexpected happened.The people elected Javier Milei — a wild-haired, blunt-spoken economist with radical ideas and little interest in pleasing the political class. He didn’t promise handouts or even sell hope. He told the nation the truth:“There is no money.”And then — unlike most politicians — he acted accordingly.Within one month, Milei slashed public spending by 30%, balanced the budget, eliminated half the federal cabinet ministries, removed artificial currency controls, and reined in the money supply.He didn’t try to “fix” everything with another government program. He took the opposite route: get the state out of the way so ordinary people could rebuild what government overreach had damaged.And it’s working.No, Argentina isn’t a utopia. Yes, inflation is still high. But the trajectory has changed dramatically — and faster than anyone thought possible.• Inflation is falling every month• The economy grew 7.7% since mid-2024• Poverty is declining• Investment is returning• Rental supply in Buenos Aires tripled after he repealed rent control — and median rents fell by 10%That last point is worth pausing on: a law intended to keep prices low was scrapped… and prices dropped.Because markets work — when we let them.Milei calls himself an “anarcho-capitalist.” He’s blunt and sometimes extreme, but one thing is clear: he believes what he says, and he says it plainly.At Davos, he stood before the global elite and dismantled the sacred cow of “social justice,” arguing that it does more harm than good when used to justify economic control and forced redistribution.“The pie isn’t a given,” he said. “It has to be created through work, production, and freedom.”Critics were quick to condemn him. A letter signed by over 100 economists warned he’d bring disaster. Labor unions took to the streets. International media predicted chaos.But the data now tells a different story.This isn’t a “miracle.” It's much simpler — a powerful example of what can happen when a nation is willing to reject comforting lies and embrace hard truths.There’s a biblical principle here worth remembering:“This is gain for a land in every way: a king committed to cultivated fields.” — Ecclesiastes 5:9In other words, a righteous government promotes the conditions for people to work, build, and flourish. It doesn’t try to control everything or rescue everyone. That only leads to corruption and collapse — as Argentina’s long slide into socialism showed us.Milei hasn’t done everything right. There’s still a long way to go.But he’s shown that even in a culture shaped by decades of big government, real change is possible — if leaders are willing to speak plainly, make hard cuts, and trust citizens more than central planners."