Argentine President Javier Milei has just eclipsed the six-month mark of his administration. As he campaigned, he frequently held up a chainsaw to illustrate his commitment to massive cuts in government spending. Prior to his presidency, the Argentine economy faced high inflation and economic uncertainty.  

In his initial policy reforms, he devalued Argentina’s peso by 50%, slashed state subsidies for fuel, and cut the number of government ministries by half. He committed to doing the hard work necessary to fight inflation.