I am very emotionally invested in Javier Milei’s success.

But not because I care specifically about Argentina. I want that nation to succeed, of course, but I want all nations to have freedom and prosperity.

The reason I care about Milei is that Argentina is a modern-day role model of how to deal with an economic crisis and how to reverse economic decline.

And the world desperately needs that kind of role model – especially if my fears are correct that many nations are primed for hard times.

This is why I regularly share good news about what is happening in Argentina. Consider, for instance, this visual shared by Michael Arouet.

Milei has delivered lower poverty, faster growth, plummeting inflation, less debt, and affordable housing.

The good news is that President Milei isn’t resting on his laurels.

Consider what happened yesterday in the Chamber of Deputies (akin to the U.S. House of Representatives).

Three major bills were approved dealing with monetary policy, taxpayer rights, and free trade. Here’s a translated summary from La Derecha Diario.

What’s remarkable is that Milei’s party does not have a majority in the Chamber of Deputies.

The big mid-term victory for his libertarian party last October resulted in many more Deputies (as well as more Senators), but Milei still needs to get independent lawmakers to obtain a majority for legislation.

And that’s exactly what happened, with all three measures winning by about 30 votes (average victory margin of 140-111).

This presumably (hopefully) is a positive sign, an indication that politics in Argentina is driven by some combination of these two factors.

• Milei’s agenda is popular.
• Milei is an effective negotiator.

I’m currently in Chile to talk about the flat tax, but I head to Argentina in two days and I hope to learn more about what’s happening. Expect more analysis in the next few days.

P.S. I’m very much looking forward to the upcoming release, in the next month or so, of the Fraser Institute’s annual Economic Freedom of the World.

I expect a big improvement for Argentina, as we’ve already seen from the Hayek Socialism Index and the Index of Economic Freedom.