The world’s biggest 2016 turnaround project is arguably Argentina, where new President Mauricio Macri must repair 12 years of Peronist damage to the rule of law and the economy. He’s off to a good start in his first week on the job.
On Thursday the government took an important step by lifting capital controls and letting the peso exchange rate fall to 13.3 to the dollar from the central bank’s official peg of 9.8. That’s a sharp...