In this interview for The Misesian, we ask economist (and Argentina native) Nicolás Cachanosky about the prospects for a lasting change to Argentina’s highly inflationary and interventionist economy. The Misesian: It seems to many that Javier Milei was elected due to widespread dissatisfaction with the state of the economy in Argentina. Is this a correct assessment?Nicolás Cachanosky: Yes, I believe that is quite accurate. Argentina’s economy has been plagued by increasing inflation since 2007, reaching a world record of 210 percent in 2023. Additionally, the economy has been stagnant since 2011. Poverty rates are also troubling. Consider this: the younger generation, with their personal and professional lives ahead of them, has only experienced stagflation and

The Misesian: It seems to many that Javier Milei was elected due to widespread dissatisfaction with the state of the economy in Argentina. Is this a correct assessment?Nicolás Cachanosky: Yes, I believe that is quite accurate. Argentina’s economy has been plagued by increasing inflation since 2007, reaching a world record of 210 percent in 2023. Additionally, the economy has been stagnant since 2011. Poverty rates are also troubling. Consider this: the younger generation, with their personal and professional lives ahead of them, has only experienced stagflation and Kirchnerismo (a left-leaning populism). Furthermore, Cambiemos, the opposition coalition from 2016 to 2019, failed to address the economic issues and consequently lost reelection. The Cambiemos