Milei ‘The Madman’ Is Back in Davos After Racking Up Victories in Argentina

(Bloomberg) — Javier Milei, Argentina’s brash, libertarian president, is (mostly) OK with the nickname pundits have given him: “el loco,” or “the madman.”Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda’s Missed OpportunityNY’s Hochul Calls for Law Banning Cell Phone Use in SchoolsBut he’s quic

Source: Milei ‘The Madman’ Is Back in Davos After Racking Up Victories in Argentina

fta:

The monthly inflation rate has plunged to below 3% from more than 20% when he made his Davos debut a year ago; the government posted its first annual budget surplus since 2009; and the economy has begun to pull out of the recession it fell into when Milei devalued the peso and imposed harsh budget cuts two days after taking office in late 2023.
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“A year in, Milei’s shock therapy has proven much more successful than I initially expected,” Ian Bremmer, founder of the Eurasia Group, said in an interview by email. During the election, Bremmer had predicted Milei would bring “more economic collapse imminently.”