Milei Delivers Economic Shock Therapy That’s Actually Working

When Javier Milei campaigned on libertarian, free-market reforms, the global elite recoiled in horror. Over 100 so-called economists warned his presidency would bring “devastation” to Argentina. Now, just months later, Milei is delivering an economic miracle that even his fiercest critics can’t ignore.

In November 2023, Argentina was drowning in 211% inflation, with nearly 42% of the population in poverty. The socialist model had failed spectacularly. But under Milei’s leadership, Argentina is experiencing a turnaround no one in the international establishment wanted to believe was possible.

By May 2025, the inflation rate had plummeted to 43.5%, the lowest in five years, and wholesale prices actually dropped for the first time in 17 years. Argentina’s Consumer Price Index rose just 1.5%, and the government’s fiscal deficit once a symbol of national collapse has been eliminated.

How did Milei do it?

• Aggressive cuts to public spending and bureaucracy

• Ending monetary expansion as a political tool

• Deregulating the economy and restoring market confidence

• Embracing natural resource development, including major shale oil and gas drilling in Vaca Muerta

These aren’t technocratic tweaks they’re bold, unapologetic free-market reforms, and they’re working.

Even Harvard Business School professor Alberto Cavallo had to acknowledge the data. According to the PriceStats PPP index, a basket of goods in Argentina is now cheaper than in the United States, and 3% cheaper than in Brazil after currency adjustments.

And Milei isn’t done. Taking a page from President Donald Trump’s energy-first playbook, he’s opening up Argentina’s vast oil reserves to development. The Vaca Muerta shale formation, once stifled by red tape, is now central to Argentina’s future. Bloomberg admitted that if Milei pulls it off, he could rebuild the economy and realign the nation’s political destiny.

This isn’t what the IMF, EU bureaucrats, or climate-obsessed think tanks wanted. They warned Milei’s reforms would hurt the “social contract” and trigger unrest. Instead, he’s delivering growth, stability, and self-reliance exactly what they fear most.

Like Trump, Milei is proving that economic freedom, national energy independence, and a government that stops spending like a drunken socialist isn’t radical it’s just common sense.

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