Posted 12/10/2023, 8:05:00 AM
Libertarian President Takes Office in Argentina with Ambitious Economic Plan
- Libertarian economist Javier Milei sworn in as new president of Argentina on Sunday to address economic crisis
- Milei seen as high risk gamble given his shock therapy economic plan of sharp spending cuts
- Challenges include negative foreign reserves, high inflation, recession, and broken IMF loan program
- Milei has allied with conservatives, picked mainstream advisors, and moderated radical views
- Supporters say Milei represents hope and necessary change, critics worry about social impact