Swordsmyth
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[Milei WINS!] Javier Milei, Austrian econ. prof. & ancap, runs for president of Argentina
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ClaytonB
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It's time to retire this old wives' tale: "That's your economic theory. Our economic theory says different."
This is as retarded as having "your physics" and "my physics". Economic theory -- actual economics, as exemplified by the Austrian school -- isn't about opinions. It's about unalterable facts of reality. If you increase the MW, you will increase unemployment, all else equal. That's not an opinion, it's an unalterable fact. Much of the political discourse consists of opinions for which there is no easy method to find out who is right (doesn't mean it's impossible, it's just not easy). But when it comes to basic facts of economics, there are clear and relatively easy answers to be had, all one has to do is read a good book on economics. Hazlitt's Economics In One Lesson is a great starting-point and I believe Milei has recommended everyone to read that.
The meteoric rise of Argentina on the world stage is a concrete demonstration of this reality -- real economists are not just grumpy apologists for country-club Republicanism which I hate anyway. No, they are explaining the facts of reality, and you can live in denial of reality (and have a collapsing, fiat-money-based, debt-enslaved country)... or you can listen to the truth, accept the unalterable facts of economic reality, and make policy decisions accordingly. This is the same dilemma facing all ~200 nations in the world today. Keep living in denial, if you choose, but you and your people will continue to pay the penalty in the form of ever-increasing destitution.
The global plutocracy are the only ones who are winning from the status quo. American elites -- both Democrat and Republican -- have more in common with European elites than with ordinary Americans. This is true for the plutocrat class of every nation. Until this lesson is really absorbed by The People, nothing is ever really going to change. Stop allowing globalism to destroy your economy so that some random precinct governor in South America can add a third yacht to his collection in Barbados. That's where all your "foreign aid" is really going. Yacht collections.
WAKE UP
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CCTelander
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CaptUSA
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What is this showing exactly???
2025 "estimates"?? And is the baseline 2023??
Invisible Man
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Great questions. At first it looked incredible. Then you start asking, wait, what even is this? Why is the USA's GDP less than Nigeria's?
CaptUSA
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It's a year-over-year percentage change - not a GDP total. But still... Projected estimates??
Invisible Man
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That still doesn't explain everything. If it's a year over year percentage change, then all the nations should start at the same place. All the black dots should be lined up at 100% (or 0%). And the blue dots should diverge from there.
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CaptUSA
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Yeah, it's why I'm guessing that the baseline is 2023.
Anti Federalist
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Argentina’s Javier Milei Announces 90% Tax Reduction in 2025
https://www.breitbart.com/latin-ame...ier-milei-announces-90-tax-reduction-in-2025/
Christian K. Caruzo 11 Dec 2024
President of Argentina Javier Milei announced Wednesday that his administration is preparing a structural tax reform that will eliminate 90 percent of existing taxes in 2025.
Milei announced the plan, alongside other policies he seeks to implement in his second year in office, while marking the end of his first. Among them was a plan to negotiate a trade deal with President-elect Donald Trump’s administration once he takes office in January.
Tuesday marked one year since Milei took office on December 10, 2023, and became Argentina’s first libertarian president, succeeding socialist former President Alberto Fernández. At the time he took office, Argentina faced a severe economic crisis that dramatically worsened as a result of Fernández’s disastrous socialist policies. Milei implemented a series of drastic “shock therapy” measures to avert the collapse of the country’s economy and avoid a hyperinflation spiral.
Milei’s policies successfully reduced the inflation rate in Argentina, dropping it from 25.5 percent in December 2023 to 2.7 percent in October 2024 while also allowing the nation to experience ten months of continued trade surplus as of November.
Additionally, Milei spearheaded a dramatic overhaul of the Argentine government during his first year, reducing the number of ministries from 18 to nine on his first day and outright replacing other institutions — such as Argentina’s bloated AFIP revenue service, which was dissolved and substituted with a much smaller agency in November. The Argentine president also introduced a series of sweeping reforms that Congress passed in late June.
Milei marked his first year in office by delivering a speech in the evening hours of Tuesday in the company of his ministers and members of his administration. He reviewed the results of his policies and announced a series of upcoming measures.
In his roughly 35-minute speech, Milei thanked Argentines for electing him and for “having endured, as you did, the hard months we had at the beginning of our administration,” assuring that their sacrifice “will not be in vain.”
“There is a saying that says ‘good times create weak men, weak men create hard times, hard times create strong men, and it is strong men who create good times.’ This year, we Argentines have proven to be strong men and women, forged in the heat of difficult times,” Milei said.
“We have shown that, when a people touches the bottom of the abyss, its urgency to undertake a deep and irreversible change becomes a true force of nature,” he continued.
Milei stressed that his administration will continue with his economic reforms throughout 2025 and to that end, he stated that his administration is currently finalizing a “structural tax reform” that will reduce the amount of national taxes by 90 percent while restoring tax autonomy to Argentina’s provinces.
“Thus, next year we will see a real tax competition among the Argentine provinces to see who will attract the most investment,” Milei said.
The Argentine president ensured that his administration will also eliminate existing currency control measures inherited by his government next year and stated that there would be a “free competition of currencies” which, Milei explained, will allow “all Argentines will be able to use the currency they want in their daily transactions.”
“This means that from now on every Argentinean will be able to buy, sell and invoice in dollars or the currency they consider, except for the payment of taxes, which for now will continue to be in pesos,” Milei said.
The Argentine president posited that it is also essential to “break the foreign trade chains that are currently suffocating us” to accelerate the country’s economic recovery. Argentina is a member of the regional Mercosur trade bloc, a group that Milei has fiercely criticized in the past and which he now holds its pro-tempore presidency as of last week.
Milei proposed the elimination of tariff barriers among Mercosur members and added that one of his administration’s goals in Mercosur is to “increase the autonomy of the members of the organization vis-à-vis the rest of the world, so that each country can trade freely with whomever it wants as it suits them.” One of those trade deals, he said, would hopefully be a Free Trade Agreement (FTA) with the United States next year — something that, Milei said, “should have been signed 19 years ago.”
“Imagine how much we would have grown in these two decades if we had traded with the world’s leading power. All that growth was taken away from us with the simple signature of a group of bureaucrats, who refused to accept the benefits of free trade,” Milei said.
“In this way, Argentina will stop turning its back on the world and will once again be a protagonist of world trade, because there is no prosperity without trade and there is no trade without freedom,” he continued.
Milei said that his administration will continue with the deregularization and reduction of public spending throughout his second year through a “ruthless audit” that will see the elimination of unnecessary agencies, secretariats, public companies, and state institutions.
Other upcoming policies announced by Milei include proposing an “anti-mafia” law inspired by the United States’ Racketeering Influenced and Corrupt Organizations (RICO) Act to fight against organized crime, federal police reforms, the creation of an “anti-narcoterrorism” unit in cooperation with Mercosur to combat drug trafficking in the tri-border area that Argentina shares with Brazil and Paraguay, and the “imminent presentation of a plan to build new nuclear reactors and research small or modular reactor technologies,” among others.
Milei observed that 2025 will see Argentina hold midterm legislative elections and stressed that “unlike what politicians usually do, who in election years spend their time squandering the money of all Argentines” his administration would “do something different” and continue implementing his economic reforms.
“It is unique in the history of modern democracies that a government begins the election year without an expansionary fiscal and monetary policy, because that is precisely the logic of the past that has sunk us,” Milei said. “We are not going to fall into this temptation that seduced the caste, because we are the future and the prosperity.”
“We are going to continue our adjustment program to be able to lower taxes and return money to the private sector, and we are going to put on the table an agenda of profound reforms, developed on the pillars that I told you about today, so that society can legally choose which country it wants,” he continued.
The Argentine president concluded by stating that Argentina is heading towards a “future of prosperity” and said 2024 will be remembered as the “first year of the new Argentina.” Milei further stressed that, unlike other moments in the nation’s history where hope was based “on empty words, we have brought results.”
“You can see them, you can feel them. That future of prosperity is within our reach. There is nothing you can do to prevent it: you can get on the train of progress or you can be run over by it,” Milei said.
https://www.breitbart.com/latin-ame...ier-milei-announces-90-tax-reduction-in-2025/
Christian K. Caruzo 11 Dec 2024
President of Argentina Javier Milei announced Wednesday that his administration is preparing a structural tax reform that will eliminate 90 percent of existing taxes in 2025.
Milei announced the plan, alongside other policies he seeks to implement in his second year in office, while marking the end of his first. Among them was a plan to negotiate a trade deal with President-elect Donald Trump’s administration once he takes office in January.
Tuesday marked one year since Milei took office on December 10, 2023, and became Argentina’s first libertarian president, succeeding socialist former President Alberto Fernández. At the time he took office, Argentina faced a severe economic crisis that dramatically worsened as a result of Fernández’s disastrous socialist policies. Milei implemented a series of drastic “shock therapy” measures to avert the collapse of the country’s economy and avoid a hyperinflation spiral.
Milei’s policies successfully reduced the inflation rate in Argentina, dropping it from 25.5 percent in December 2023 to 2.7 percent in October 2024 while also allowing the nation to experience ten months of continued trade surplus as of November.
Additionally, Milei spearheaded a dramatic overhaul of the Argentine government during his first year, reducing the number of ministries from 18 to nine on his first day and outright replacing other institutions — such as Argentina’s bloated AFIP revenue service, which was dissolved and substituted with a much smaller agency in November. The Argentine president also introduced a series of sweeping reforms that Congress passed in late June.
Milei marked his first year in office by delivering a speech in the evening hours of Tuesday in the company of his ministers and members of his administration. He reviewed the results of his policies and announced a series of upcoming measures.
In his roughly 35-minute speech, Milei thanked Argentines for electing him and for “having endured, as you did, the hard months we had at the beginning of our administration,” assuring that their sacrifice “will not be in vain.”
“There is a saying that says ‘good times create weak men, weak men create hard times, hard times create strong men, and it is strong men who create good times.’ This year, we Argentines have proven to be strong men and women, forged in the heat of difficult times,” Milei said.
“We have shown that, when a people touches the bottom of the abyss, its urgency to undertake a deep and irreversible change becomes a true force of nature,” he continued.
Milei stressed that his administration will continue with his economic reforms throughout 2025 and to that end, he stated that his administration is currently finalizing a “structural tax reform” that will reduce the amount of national taxes by 90 percent while restoring tax autonomy to Argentina’s provinces.
“Thus, next year we will see a real tax competition among the Argentine provinces to see who will attract the most investment,” Milei said.
The Argentine president ensured that his administration will also eliminate existing currency control measures inherited by his government next year and stated that there would be a “free competition of currencies” which, Milei explained, will allow “all Argentines will be able to use the currency they want in their daily transactions.”
“This means that from now on every Argentinean will be able to buy, sell and invoice in dollars or the currency they consider, except for the payment of taxes, which for now will continue to be in pesos,” Milei said.
The Argentine president posited that it is also essential to “break the foreign trade chains that are currently suffocating us” to accelerate the country’s economic recovery. Argentina is a member of the regional Mercosur trade bloc, a group that Milei has fiercely criticized in the past and which he now holds its pro-tempore presidency as of last week.
Milei proposed the elimination of tariff barriers among Mercosur members and added that one of his administration’s goals in Mercosur is to “increase the autonomy of the members of the organization vis-à-vis the rest of the world, so that each country can trade freely with whomever it wants as it suits them.” One of those trade deals, he said, would hopefully be a Free Trade Agreement (FTA) with the United States next year — something that, Milei said, “should have been signed 19 years ago.”
“Imagine how much we would have grown in these two decades if we had traded with the world’s leading power. All that growth was taken away from us with the simple signature of a group of bureaucrats, who refused to accept the benefits of free trade,” Milei said.
“In this way, Argentina will stop turning its back on the world and will once again be a protagonist of world trade, because there is no prosperity without trade and there is no trade without freedom,” he continued.
Milei said that his administration will continue with the deregularization and reduction of public spending throughout his second year through a “ruthless audit” that will see the elimination of unnecessary agencies, secretariats, public companies, and state institutions.
Other upcoming policies announced by Milei include proposing an “anti-mafia” law inspired by the United States’ Racketeering Influenced and Corrupt Organizations (RICO) Act to fight against organized crime, federal police reforms, the creation of an “anti-narcoterrorism” unit in cooperation with Mercosur to combat drug trafficking in the tri-border area that Argentina shares with Brazil and Paraguay, and the “imminent presentation of a plan to build new nuclear reactors and research small or modular reactor technologies,” among others.
Milei observed that 2025 will see Argentina hold midterm legislative elections and stressed that “unlike what politicians usually do, who in election years spend their time squandering the money of all Argentines” his administration would “do something different” and continue implementing his economic reforms.
“It is unique in the history of modern democracies that a government begins the election year without an expansionary fiscal and monetary policy, because that is precisely the logic of the past that has sunk us,” Milei said. “We are not going to fall into this temptation that seduced the caste, because we are the future and the prosperity.”
“We are going to continue our adjustment program to be able to lower taxes and return money to the private sector, and we are going to put on the table an agenda of profound reforms, developed on the pillars that I told you about today, so that society can legally choose which country it wants,” he continued.
The Argentine president concluded by stating that Argentina is heading towards a “future of prosperity” and said 2024 will be remembered as the “first year of the new Argentina.” Milei further stressed that, unlike other moments in the nation’s history where hope was based “on empty words, we have brought results.”
“You can see them, you can feel them. That future of prosperity is within our reach. There is nothing you can do to prevent it: you can get on the train of progress or you can be run over by it,” Milei said.
Last edited:
PAF
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Breitbart? Don't they subscribe to the Keynesian economic model and not the Austrian?
I wanted to cross-reference but the links within the Breitbart article cross-reference to Breitbart. At least Mises.org provides charts and tables, and notes that once Javier leaves office the country will be beholden to the IMF.
A Rothbardian Dissection of Javier Milei
I know that some couldn't care less and it gets ignored, but I don't consider any positives[?] a good trade for dystopian authoritarianism:
Javier Milei’s Government Will Monitor Social Media With AI To ‘Predict Future Crimes’
Matt Collins
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Matt Collins
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One Year of Argentina's Javier Milei | Tom Woods Show #2588
https://www.youtube.com/watch?v=S-66hS6bIaY
{TomWoodsTV | 02 January 2025}
The Tom Woods Show: Episode 2588
Skot Sheller joins us for a rundown.
Guest's Twitter: @Bangershell11
[Audio (mp3): http://www.podtrac.com/pts/redirect.mp3/traffic.libsyn.com/tomwoodsshow/woods_2025_01_02.mp3]
https://www.youtube.com/watch?v=S-66hS6bIaY
{TomWoodsTV | 02 January 2025}
The Tom Woods Show: Episode 2588
Skot Sheller joins us for a rundown.
Guest's Twitter: @Bangershell11
[Audio (mp3): http://www.podtrac.com/pts/redirect.mp3/traffic.libsyn.com/tomwoodsshow/woods_2025_01_02.mp3]
WarriorLiberty
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He saved the Country's Elites for sure....
In Argentina's poverty-hit barrios a food emergency takes hold
Argentina's poverty rate soars past 50% under Javier Milei
Swordsmyth
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Residents Of Argentina's Crime-Ridden Cities Welcome Milei's Gun Reform
https://www.zerohedge.com/geopoliti...crime-ridden-cities-welcome-mileis-gun-reform
https://www.zerohedge.com/geopoliti...crime-ridden-cities-welcome-mileis-gun-reform
Matt Collins
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Matt Collins
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- Joined
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