Last year, shortly after his party won the mid-term elections, I wrote about Milei being a role model for the world. Today’s column is Part II in the series.

We’ll start with this excerpt from a speech I made last month in Colombia.

You can watch my full presentation, organized by Libertank in Medellin by clicking here.

Regarding Milei’s global impact, my hypothesis is very straightforward, as summarized by the slide from my presentation.

But here’s a more detailed four-part explanation.

1. Because of poorly designed government programs and demographic changes, many nations are stumbling toward Greek-style fiscal crises.
2. Politicians sometimes understand the problem, but usually fear that doing good policy will lead to bad political outcomes (i.e., them not getting reelected) because voters are too addicted to government goodies.
3. Milei is definitely showing other leaders that good policy generates good economic results and is also showing (at least so far!) that voters will reward those good results.
4. Hopefully other leaders will learn the right lesson and enact pro-market reforms that will avert crises (or will do the right reforms once crises begin).

I also just wrote a column on the worldwide impact of Milei-ism for Infobae in Argentina.

Here are excerpts from what I wrote (which I assume was accurately translated into Spanish), starting with my hypothesis of Milei’s importance.

Javier Milei might be the world’s most important elected official. …he is being closely watched because governments around the world are facing very serious economic challenges and Milei is providing a blueprint of how a crisis can be reversed and how growth can be reignited. …Simply stated, President Milei is a test case. His party already enjoyed a surprisingly strong victory in the 2025 mid-term elections, a result that definitely was noticed in other nations. If he also wins reelection next year, that will strengthen the argument that good policy can also be good politics.

I then explained that many nations are on a bad fiscal trajectory and warn that politicians will be tempted to take the wrong approach (bailouts, higher taxes, and/or money printing).

And I conclude by writing that Milei is showing the right approach, but that what really matters is whether he wins reelection next year.

President Milei’s achievements are so important. His policy agenda of spending restraint, lower taxes, deregulation, and disinflation is not only working for Argentina, but it is also showing the world that good policies can fix a crisis. However, politicians in many cases would rather wreck their economies than lose their elections. So what really matters is whether Milei wins reelection next year and Argentina becomes an example for other nations to follow. If that happens, Milei will not only make Argentina great again. He may also save the world from economic disaster.

In 2011, 2013, 2021, 2023, and 2025, I wrote columns identifying those years’ most important elections (four good results, one bad result).

I don’t think it will be necessary to specify the most important election of 2027. If Milei prevails, not only will be be in position to complete Argentina’s renaissance, but my fingers will be crossed that other nations learn from his success.

Much as they learned from the success of Reagan and Thatcher.

I’ll close with this slide from a presentation last year to a conference in Mexico.