This holiday season, it might be interesting to bring up the topic of “inflation.” A simple “how ’bout that inflation?” could likely prompt those around you to share their grievances, from the rise in cost of food, groceries, and cars, to their Netflix subscription.

As the libertarian anarchocapitalist Javier Milei ascends to the Argentinian presidency, the parting of the ominous clouds of socialism has brought about the rising sun of libertarianism on the South American continent. The Argentine legislative system, consisting of the Senate and the Chamber of Deputies, is designed to bolster democratic governance and accountability.

Price inflation statistics were a hot topic in 2023. Official measures, like the Personal Consumption Expenditures Price Index (PCE) and the Consumer Price Index (CPI), rose to levels not seen in over four decades.

Weakness in the US economy continues to hide behind surging debt levels and government spending. As noted last month by Daniel LaCalle, 

[A] large part of the growth in GDP came from bloated government spending financed with more debt and inventory revaluation, adding 0.8 and 1.4 percentage points to GDP growth. ...