Milei inherited a disaster of over 200% inflation. Milei inherited fleeing capital, 50% poverty, high unemployment, high debt, and a recession. Due to his program, Milei has dramatically lowered inflation, brought back growth, lowered poverty, and had a budget surplus
The problems with Milei are the congress has betrayed him by passing reckless legislation and overriding his Vetoes, and he lost an election in Buenos Aires Province to the socialists.
Argentina, if it were simply up to Milei's policies, would be booming as it was before the political and legislative defeats.
Actually existing libertarianism: Argentina's economy is in free fall under libertarian leader Javier Milei. The currency is collapsing, the bond market is in crisis, the huge bubble he inflated in the stock market has popped, and manufacturing output (ie, the real economy) has crashed.
Milei was already gifted a $42 billion lifeline from the US-controlled IMF and the World Bank (after Argentina already owed more debt to the IMF than any other country), but even that was not enough to stabilize Milei's crazy Austrian School experiment.
So now the US government is pledging to bail out the proud self-declared "anarcho-capitalist" Milei by giving him even more money through US swap lines and buying Argentina's bonds and currency with US Treasury funds.
The US government is doing this not only to prop up one of its most loyal puppets in Latin America, but also in order to benefit wealthy US investors who hold Argentine stocks and bonds, and US corporations that want Argentina's lithium.