In recent weeks, we wrote about Javier Milei’s 30% cut in government spending in his first year in office, and his welcoming the wit and wisdom of UP co-founder Arthur Laffer.

This Financial Times headline brought a smile to our faces:

FT reports:

Argentina’s sovereign bonds climbed on Monday, with the premium over US Treasuries that investors demand to hold its debt falling 4.4 per cent to 677 basis points, down from more than 2,000 when Milei took office…

While JPMorgan said it expects Argentina’s economy to finish 2024 with an annual 3 per cent contraction, it is projecting 5.2 per cent growth in 2025.

Freedom works!