![Argentine President Javier Milei.](https://www.worldpoliticsreview.com/wp-content/uploads/2024/05/argentina-economy-milei-05152024-1.jpg?w=519&h=259&crop=1)
Something unfamiliar is spreading in Argentina: optimism. The impact of President Javier Milei’s dramatic economic reforms has exceeded expectations, even as Milei has maintained popular support. But there is now so much enthusiasm that it raises the risk of irrational exuberance, especially given the scale of the challenge ahead.