When we analyze the economic situation in Argentina, we must first understand the calamity to which the country was left by the socialist government of Alberto Fernandez and years of Peronism.

According to UNICEF, Javier Milei has lifted more than one and a half million children out of poverty in just two years. He has restored economic growth and relaunched Argentina, which was heading towards a disaster similar to Venezuela’s due to the policies of Kirchnerism, often referred to as the “socialism of the XXI century”.

When Milei assumed power, Argentina was hurtling toward hyperinflation and misery, on an accelerated path of economic devastation. Inflation was 25.5% per month.

The US manufacturing sector clearly outperforms all its G7 peers, especially Germany, France, and the UK.

The main reason is that the United States never implemented the aggressive net zero emissions policy that has destroyed the industry by giving the reins of industrial policy to activists. In the latest S&P Global/HCOB PMI readings, the United States manufacturing sector is clearly expanding, while the UK is only slightly expanding, and Germany and France remain in contraction after years of decline.

The US also shows much stronger momentum in new orders and has better pricing power, margins, and investment plans than its European peers. Furthermore, the US has reduced CO₂ emissions and protected the environment without destroying its industrial fabric.​ According to the EIA, the United States has reduced its GHG/energy‑related CO₂ by 18% between 2010 and 2024, while the European Union is at a similar level, reducing emissions by 18–22%.

Governments assume they can print as much currency as they like and it will be accepted by force. However, the history of fiat currencies is always the same: first governments exceed their credit limits, then ignore all the warning signs and finally see the currency collapse.

Today, we are living the decline of developed economies’ fiat currencies in real time. The global reserve system is slowly but decisively diversifying away from a pure fiat currency anchor towards a mixed regime where gold plays the dominant role, not fiat currencies.

Socialism has never reduced prices or improved affordability. Never. Interventionism is the root of all inflationary and scarcity problems. Only competition, open markets and technology can reduce prices and ease the bottlenecks created by governments through asphyxiating regulations and taxes.

Zohan Mamdani stated that “there is no problem big enough that the government cannot solve.” The evidence is the opposite. There is no problem that government intervention does not make worse. Government intervention is the cause of inflationary crises, not the cure.

Uncontrolled spending is printing money and inevitably leads to the destruction of the purchasing power of the currency, lower real wages and higher inflation. Add to it regulations that limit competition and affordable supply and taxes that make small business uncompetitive and the distortions created by governments playing God led to chronic inflation.