Part 5/11:
Milei's rise can be viewed as a rebellion against the oppressive status quo. Through his relatable and vibrant personality, he reframed classical economic ideas in a manner that attracted support from a disillusioned populace, marking a departure from the aloof academicism typically associated with economic discourse.
Economic Transformation Under Milei
Upon assuming the presidency, Milei proceeded with audacity and clarity about his economic agenda—a radical fiscal adjustment aimed at restoring the country's financial health. Kaiser notes that this bold approach, which included cutting public spending by about 30%, saw the government achieve a primary surplus consistently from his very first month in office.