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This fiery economist became Argentina's president railing against politicians. Now he's wooing them

By Isabel Debre - Apr 30, 2024, 09:13 PM ET
Last Updated - May 27, 2024, 01:04 AM EDT

Argentina’s lower house has voted to approve a dramatically downsized version of President Javier Milei’s economic overhaul package, known as the omnibus bill

BUENOS AIRES, Argentina (AP) — When interviewed about his plans after a shock electoral victory last fall, Argentina's President-elect Javier Milei gave his go-to answer in a blink: “To exterminate inflation."

“After that ..." he trailed off, as though searching for anything else that could possibly matter. “Life,” he said, shrugging.

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Driven by a single-minded obsession with slashing spending to tame inflation — now nearing 300% — the former television commentator with just two years’ experience in Congress made clear from the start he had little interest in anything but economic deregulation.

But the all-or-nothing approach has left the short-tempered libertarian economist without a single legislative achievement 142 days into his presidency, raising questions about whether he can pull off his promised free-market revolution to rescue Argentina from its worst economic crisis in two decades.

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