Part I of this series reviewed the horrible economic conditions that plagued Argentina when Javier Milei took office.

Part II looked at Milei’s spending restraint and some of the subsequent improvements in fiscal outcomes.

For today’s column, let’s focus on what Milei has achieved in areas other than fiscal policy, and it will be based on presentations from two officials from Milei’s administration at this week’s conference in Buenos Aires.

We’ll start with Matías Micheloni’s explanation of Milei’s approach to privatization. I like the message of this first slide.

Milei has achieved some victories.

But it’s important to understand that Milei’s party does not control the legislature, and it is difficult – though not always impossible – to get approval for some privatization initiatives.

That’s the message of this slide.

Now let’s shift to a presentation on deregulation by Alejandro Cacace.

We’ll start with some very good news. Milei’s team is taking a chainsaw to red tape.

Here’s an issue that may not matter to some people, but I think “mutual recognition” is a great idea and I’m glad that Milei is basing some policy on that key principle.

Here is a slide looking at how the economy has responded positively to Milei’s reforms.

P.S. Here’s a slide from Alejandro’s presentation that would have fit well in Part I of this series.

I’ll conclude by noting that the above slide reinforces my rhetorical argument (here, here, here, and here) that Milei’s transformation of Argentina is the economic equivalent of a miracle.