It has been one year since Javier Milei was elected president of Argentina – a country that hit rock bottom. The swashbuckling maverick came into office promising “shock market capitalism.” So far, the reversal of fortune in Buenos Aires has been remarkable. Argentina has the fastest growth of its stock market of any major nation with valuations doubling.

This recent Bloomberg headline tells the whole story:

Here is the stock market performance:

The inflation story is also miraculous:

In Argentina, big government created misery and deprivation. Shock capitalism has worked. New York and California should give it a try.