Argentina has long been notorious for rotten economic policies, mainly high taxes, crushing regulations and—most infamously—chronic bouts of hyperinflation. A century ago, it was one of the richest, fastest-growing countries in the world. Today it is a pathetic also-ran, with millions of its citizens plummeting into poverty.

But suddenly there’s light breaking through the dark clouds: A political outsider stunned everyone by finishing first in the national presidential primary. A runoff is coming in October.

The headline-maker is the platform of Javier Milei, candidate of the libertarian party. This episode of What’s Ahead highlights one of the most exciting agendas in modern times, ranging from replacing the peso with the U.S. dollar to slashing taxes to taking a chainsaw to government spending.

Milei is a true believer in free markets. He even names his dogs after free-market economists, such as Milton for the famed Nobel Prize-winner, Milton Friedman.