For a video version of this article, see here and below. 

Donald Trump created some excitement last week when he suggested that he might abolish the income tax and replace it with taxes on imports. 

Understandably, Most of the excitement came from the prospect of abolishing the income tax. 

Originally published at LewRockwell.com.

In office for just over nine months, Argentine President Javier Milei continues to face enormous economic and political challenges. His support from Congress and the Senate is fragile, and the president’s opponents are trying to mobilize the masses against his policies. This makes success in the economic sphere all the more urgent. The aim here is to find a way out of stagflation—the simultaneous occurrence of stagnation or recession and inflation—in which the Argentine economy currently finds itself as quickly as possible.

Public opinion polls consistently show the economy is one of the top issues, if not the top issue, for American voters. This may strike some as odd, since official government statistics show low unemployment and declining price inflation, suggesting the Federal Reserve has engineered a “soft landing” bringing down inflation without causing a recession. So why the concern over the economy? One reason is more people are realizing government economic figures hide the truth about the economy.