It should go without saying, but the United States became the world's most-prosperous large nation by generally allowing the market economy to work. By contrast, Argentina has remained a poor backwater thanks in part to its far-reaching price controls. So it's ironic that "free-market" America needs to learn a key economic lesson from down south, at least on the issue of rental housing.
Argentina's governments have since the 1940s reflected to some degree the Perón-ista worldview, named after Juan Domingo Perón and his authoritarian-populist government. Last November, however, the country's voters elected a flamboyant bushy-haired TV personality. The election was met with chagrin from most of the usual suspects.
