What will become of Milei? Argentina will hold midterm elections this Sunday, which will determine the composition of the legislature and what type of support he has for the next two years that remain of his term. If his party performs too poorly, he will no longer have the power to get much of anything through Congress. And though Milei's successes have been numerous, he's relied on a strong peso that has come at great cost and might not work for him much longer.
Under Milei, inflation has dropped massively. The poverty rate has gone down. Public spending has plummeted, and budget surpluses have appeared. Housing supply in Buenos Aires has totally turned around following the repeal of rent control laws. And Peronist tears taste so good.
