On Monday, Argentina got a new president. Unlike his predecessor, whose name he shares, he is a soft-spoken technocrat with a professorial manner who began his term in office by treating his compatriots to a lecture on the need to keep public spending under control. The televised address he gave proved memorable not because the President’s budget proposals were thought controversial but because of the way he presented them. Instead of insulting those who are bound to oppose the measures he says he will take by calling them “fiscal degenerates,” “mandrills” or something even more demeaning, he limited himself to explaining that overspending never ends well and it is foolish to pretend otherwise. He also abstained from reminding us that his government is better than any other in recorded history.
Just about everyone agrees that Javier Milei changed his tune in such a striking fashion because he knows that, to survive in office for much longer, let alone to get re-elected in 2027, h
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