Argentina’s 42-year-old Minister of the Economy and former economics professor at the University of Buenos Aires, Axel Kicillof, is best known for his research papers that “reinterpreted Keynes from a Marxist perspective.” Having elected leaders with this type of intellectual toolkit, it should not be much of a surprise that the ultra-leftist government of Argentina is in mourning over a U.S. Supreme Court decision this week that requires the nation to actually repay their debts in full or default by June 30th. As the “fiery red Marxist” of the ruling Peronist Party, Kicillof sought to wash away broad swaths of capitalism in Argentina. His biggest accomplishment was expropriating the 98% of YPF domestic oil company shares held by the Spanish energy giant Repsol in April of 2012.After a favorable arbitration in front of the International Center for Settlement of Investment Disputes, Kicillof agreed that Argentina would pay Repsol just $5 billion...(Read Full Post)