On Sunday, Argentine voters delivered a striking rebuke to the political status quo. Javier Milei, an eccentric leather-clad libertarian, came in first place in the country’s presidential primaries. He has promised a radical suite of market-based reforms to tame Argentina’s catastrophic inflation. It is unlikely his proposed solutions will lift the country out of its deep malaise—but given the dismal alternatives, it isn’t surprising so many were willing to give him a chance.
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