[Milei WINS!] Javier Milei, Austrian econ. prof. & ancap, runs for president of Argentina

[PAF]

The past has the answers.

Inevitably, that's what it will come down to. Unfortunately.

 

[Snowball]

Inevitably, that's what it will come down to. Unfortunately.

We're probably not thinking of the same thing. It doesn't have to be bad.
Sure, there will be a lot of complaining and dangerous times, but it can happen in a good way also.

 

[PAF]

We're probably not thinking of the same thing. It doesn't have to be bad.
Sure, there will be a lot of complaining and dangerous times, but it can happen in a good way also.

So that I don't assume, can you elaborate?

 

[Snowball]

So that I don't assume, can you elaborate?

There are a lot of different roads which may be taken, but we'll wind up at the same place. Some of those roads are a lot bumpier than others.
Ultimately, the role of money and the meaning of wealth and its capabilities in this world is going to adapt. It will change, and be totally unlike what we're living through. A simpler and more fair distribution of both real and conceptual ownership and localization of resources, goods and services will be adopted. There will be no obsessions for gain at the expense of others. There will be no fabrication of false assets, but rather, a purposeful stewardship of the natural world, where science and spirituality will guide us into making responsible decisions for both the common and individual good, because that false line of demarcation will blur. New technologies will rise, and transform our way of life. Generational demographics will create new blocs of thought and culture, and the old ways will fade away. The progenies of the oligarchs will participate, not steal. Everything will be done for ethical concerns. People will be happier, freer, and more fulfilled in life than they are today. We will venture to space, and focus entirely on bettering ourselves and the other creatures we share this life with. Anything that gets in the way of that will fade into distant memory. The answers are in the past, system-wise, when life was unhurried and governments were guided by divine truth, not exploitation. Our consciences and our virtuous desires will be curated institutionally, to care for creation and learn from our universe, will be our guiding beacons.

 

[PAF]

There are a lot of different roads which may be taken, but we'll wind up at the same place. Some of those roads are a lot bumpier than others.
Ultimately, the role of money and the meaning of wealth and its capabilities in this world is going to adapt. It will change, and be totally unlike what we're living through. A simpler and more fair distribution of both real and conceptual ownership and localization of resources, goods and services will be adopted. There will be no obsessions for gain at the expense of others. There will be no fabrication of false assets, but rather, a purposeful stewardship of the natural world, where science and spirituality will guide us into making responsible decisions for both the common and individual good, because that false line of demarcation will blur. New technologies will rise, and transform our way of life. Generational demographics will create new blocs of thought and culture, and the old ways will fade away. The progenies of the oligarchs will participate, not steal. Everything will be done for ethical concerns. People will be happier, freer, and more fulfilled in life than they are today. We will venture to space, and focus entirely on bettering ourselves and the other creatures we share this life with. Anything that gets in the way of that will fade into distant memory. The answers are in the past, system-wise, when life was unhurried and governments were guided by divine truth, not exploitation. Our consciences and our virtuous desires will be curated institutionally, to care for creation and learn from our universe, will be our guiding beacons.

Sounds great in theory. I legitimately believe that if one can think it, it can happen. Someday we may even achieve day to day life like on Start Trek TNG. Wouldn't it be fascinating to live during that time!

The part about "governments were guided by divine truth, not exploitation"... that I disagree with. Government is coercion from the very start.

 

[Snowball]

Sounds great in theory. I legitimately believe that if one can think it, it can happen. Someday we may even achieve day to day life like on Start Trek TNG. Wouldn't it be fascinating to live during that time!

The part about "governments were guided by divine truth, not exploitation"... that I disagree with. Government is coercion from the very start.

Government is just a word. Coercion is just a tool. Neither is currently escapable, and neither is inherently wrong, because organization is government, and coercion is sometimes necessary, because we are fallen beings in a fallen world; we must uphold what is good, and not let ourselves be deceived or overtaken by evil. But today what is considered utopian could someday become attainable, although there will always need to be a majority or a mechanism to manifest the leverage. Recognizing that bigotry, nationalism, the profit motive are not the way, will go a long way in advancing our deeds towards breaking the mold.

 

[PAF]

Government is just a word. Coercion is just a tool. Neither is currently escapable, and neither is inherently wrong, because organization is government, and coercion is sometimes necessary, because we are fallen beings in a fallen world; we must uphold what is good, and not let ourselves be deceived or overtaken by evil.

Ok, I'll buy that for a dollar. Voluntarism is more my speed, I try my best to avoid the rest

 

[PAF]

Mekorot Admits to Consulting at AySA, and There Are Now 13 Provinces with Agreements with Israel
In the context of the official announcement of the privatization of Aysa S.A., Argentina's largest water company, we spoke with Gisela Cardozo, a member of the Mekorot Out Campaign and the Permanent Assembly for Human Rights, who warns about the Israeli firm's unchecked expansion.
Rodrigo Savoretti Human Rights 08/14/2025

Mekorot confiesa asesoramiento en AySA y ya serían 13 las provincias con acuerdos con Israel • Enfant Terrible

En el marco del anuncio oficial sobre la privatización de Aysa S.A, la mayor empresa hídrica de Argentina, dialogamos con Gisela Cardozo, integrante de la

enfantterrible.com.ar

Related:

WATER, WATER, Argentina Nuttenyahoo, IRAN and WATER:

 

[PAF]

Resignation from the Scientific Advisory Board of the Ludwig von Mises Institute Germany​

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Power & Market​

Jörg Guido Hülsmann, Hans-Hermann Hoppe​

08/18/2025​

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On 13 July 2025, Prof. Dr. Rolf W. Puster, Prof. Dr. Jörg Guido Hülsmann and Prof. Dr. Hans-Hermann Hoppe declared their resignation from the Scientific Advisory Board of the Ludwig von Mises Institute Germany. Only two of the original five members remain on that Board.​

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Below, Puster, Hülsmann, and Hoppe explain the reasons for their resignation.​

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At the beginning of July, the board of the Ludwig von Mises Institute Germany (hereinafter MIG) announced on the Institute’s website that a ‘Memorial Prize in honour of Ludwig von Mises’ would be created in October of this year and awarded to Argentine President Javier Milei. Neither the creation of the prize (which, incidentally, is the only prize ever awarded by MIG) nor the selection of the laureate were discussed in advance with the Institute’s Scientific Advisory Board. Not only is this bad style, it also gives the public the impression that these decisions have the backing of the Board. This is not the case.​

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Javier Milei has demonstrated that it is possible to win electoral majorities for radical libertarian policies in economically advanced countries. This is undoubtedly a significant achievement. After his election, he immediately set about dismantling the state and, in many respects, he has pursued this policy more resolutely, more extensively and more successfully than any of his Argentine predecessors.​

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Nevertheless, we consider the awarding of this prize to him to be unjustified. In our view, a ‘Memorial Prize in honour of Ludwig von Mises’ could be awarded to scientists or politicians who have rendered outstanding services to the development, dissemination or application of Mises’ ideas. It is obvious that Javier Milei is not a scientist, but a politician. It is true that he has made the names of Ludwig von Mises, Murray Rothbard and other thinkers of the Austrian School known to a wider public. But his knowledge of their ideas and theories is superficial and flawed, and his praise is therefore double-edged. In any case, we can only advise the public not to regard Milei’s statements on economic philosophy as authoritative.​

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Javier Milei could therefore be honoured on the basis of his political activities. However, in this case, his work must be measured in terms of long-term practical achievements. It is not enough that he pursue liberal goals with his policies. Rather, the political means must be objectively suitable for actually achieving those goals. This should be self-evident, but it is often disregarded in politics, as Ludwig von Mises repeatedly pointed out. Milei’s policies are a case in point.​

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For one thing, Milei is at the beginning of his political career. The future success of his policies to date is highly questionable, and he may still take many wrong turns in the course of his term in office. No one knows how freedom-oriented they will ultimately prove to be. The assessment of his actions must be differentiated and open-ended. This simply cannot be done after twenty months in office.​

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On the other hand, whatever successes his policies may have had so far have been largely achieved through the usual means of inflationary government financing, i.e. by inflating the money supply and government debt. It remains to be seen whether this strategy will succeed under Milei, given that it has repeatedly and for good reasons failed in Argentina and other countries in the past.​

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In addition, all the achievements of his political record to date are already offset by major liabilities: the political centralisation of the country, the expansion of the police state, the failure to implement the announced abolition of the central bank (one of the most popular points in his election programme), the haggling with the country’s traditional political elites, who also dominate his cabinet, and a foreign policy that is not geared towards international peace and is therefore not a libertarian policy.​

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Today, Javier Milei stands not only for inflation-financed radical economic policies with an uncertain outcome. He also stands for uncritical and downright enthusiastic solidarity with the current governments of the United States and Israel.​

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In our opinion, awarding Javier Milei a ‘Memorial Prize in Honour of Ludwig von Mises’ therefore has the potential to cause lasting and irreparable damage to the Ludwig von Mises Institute Germany, as well as to the Austrian School as a whole.​

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We cannot and will not take responsibility for this. We therefore declare our resignation from the Scientific Advisory Board of the Ludwig von Mises Institute Germany.​

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13 July 2025​

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RWP​

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JGH​

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HHH​

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Resignation from the Scientific Advisory Board of the Ludwig von Mises Institute Germany | Mises Institute

In this article, Puster, Hülsmann, and Hoppe explain the reasons for their resignation from the Scientific Advisory Board of the Ludwig von Mises Institute

mises.org

Thread

 

[Occam's Banana]

Decentralized Revolution #145—Skot Sheller reports on Javier Milei
https://www.youtube.com/watch?v=k6xyBTcpWJg
{LP Mises Caucus | 20 August 2025}

Free State Project activist Skot Sheller—perhaps the best-informed American libertarian on the subject of Javier Milei and his administration—joins Aaron Harris and Nate Thurston to catch us up on the success of libertarianism in Argentina.

 

[PAF]

Javier Milei UNRAVELED: No Crying in the Casino!​

Featured Articles
by Saifedean Ammous
Aug 21, 2025


Last week Argentina’s Javier Milei regime tried to roll over bonds by offering investors an insane 69% interest rate, and only succeeded in rolling over 61% of them. Even a 69% annual interest rate isn’t enough to tempt investors to risk lending to the Milei ponzi, which means they either expect a default very soon, or they expect price inflation to exceed 69% over the next year. This was an ice-cold bucket of reality poured on the delusional talk of an economic miracle by the clown who plays a free market economist on TV and has been placed in the presidency to revive Argentina’s largest industry: sovereign bond pump-and-dumps.

Even if the bond auction had succeeded, it is difficult to see how Argentina could possibly avoid default and/or very high inflation in the rest of Milei’s term. According to Grok, Claude, ChatGPT, and basic common sense, no country has ever offered a yield higher than 30% on its bonds and avoided default, hyperinflation, or an IMF bail-out within the next three years. Failing to sell a bond at more than double that yield means the writing is on the wall, and you can safely ignore the media hype about an ‘economic miracle’. As I discussed last year,[1] Milei is just another inflationist president, and the inevitable consequences are rearing their ugly head.

During his first year in office, Milei used his free marketeer TV routine to pretend to bring economic freedom to the Argentine economy, but reneged on his campaign promise to shut down the central bank, and instead went about attempting to save it by adding its debt to the government’s debt; reneged on his promise to fight inflation by doubling or tripling money supply measures; reneged on his promise to not raise taxes; sought an IMF bail-out; and hired the same J.P. Morgan bankers, who had entrapped Argentina into tens of billions of dollars of debt, to head the most important positions in his administration and central bank. Old habits die hard, and all of the free market bluster on the campaign trail gave way to the same old fiat banksterism.

In his second year, as the peso continued to decline and his international reserves refused to recover, Milei cried and begged and brown-nosed his way to getting an IMF bail-out, as his talk of pivoting away from China and hysterically crying in Netanyahu’s arms seem to have succeeded in getting the IMF to unreasonably accommodate him[2]. In all the history of the IMF, its loans have always been the last resort of failed governments, an admission of economic failure, and a pawning of national sovereignty and future generations’ wealth in search of a few quick bucks to help failed leaders stay in power. But Milei and his bankster buddies have hilariously and shamelessly treated the new IMF loan like a triumph, with Luis Caputo giving a speech thanking his wife and children for their support during the negotiations, like he was winning an Oscar, when he had just succeeded in saddling generations of Argentines with USD debt.[3] I don’t recall seeing any government celebrating an IMF loan like this before.

With this new $20b in IMF loans, Argentina now has the highest outstanding debt to the IMF in IMF history. Argentina’s borrowing is now at 1,352% of its IMF quota, the highest excess over quota in IMF history. High-ranking IMF officials resigned, were fired, or refused to green-light this reckless loan that contravenes even the IMF’s own recklessly low standards.[4] The IMF’s own report on the debt practically acknowledged that the country’s debt is unrepayable.[5] Argentina’s loans now likely constitute more than 40% of the IMF’s entire lending portfolio! It’s fair to say at this point that the IMF primarily exists to lend to Argentina, thanks to the endless supply of Argentine scammers willing to pawn off their future generations’ wealth. But it doesn’t just stop at the IMF! Milei has also borrowed another $12 billion from the World Bank (WB), and $10 billion from the Inter-American Development Bank (IDB), for a total of $42 billion borrowed from international institutions to add to the already enormous public debt. The cost of servicing this and the existing debt is enormous, and makes all adjustments to the budget inconsequential. And the cherry on top: Milei shipped off the little that remained of Argentina’s once significant gold reserves to London in search for a quick yield buck.

So what has this extreme inflation and indebtedness gotten Argentina exactly? If you read the economically illiterate international financial press[6], then Milei has presided over a supposed economic miracle because GDP growth has rebounded, while inflation and poverty have declined, and the budget has been balanced. This is nonsense, and the fact that it is being promoted so heavily speaks volumes about the role that the international financial press plays in promoting IMF and bankster debt slavery and the bond market shitcoin casino.

In the real world, away from bond shitcoin promotional fiat media, the Argentine peso has barely stopped declining, and consumer prices have been constantly rising, exactly as you would expect from a drastic increase in the money supply. Continued intervention in the foreign exchange market has now made Argentina expensive even in dollar terms[7]. The black market peso exchange rate has dropped 30% against the dollar in just 21 months, during which time the dollar itself has been dropping against most major foreign currencies. The official rate, on the other hand, has dropped by around 70%, from 400 pesos per dollar to 1,300 pesos per dollar. Just in the last month of July, both rates dropped around 13%, which suggests Argentine people and the banking speculators already see the writing on the wall.

It is of course important to remember that government inflation statistics are obviously always and everywhere manipulated to understate the true extent of inflation, and in Argentina this is taken to absurd lengths.[8] And yet, even by the government’s own ridiculous numbers, the situation is a monstrous travesty. After year-on-year price inflation rates rose to almost 300% in the first few months of his presidency, it has declined to the 30-40% range in recent months, and the cumulative price inflation since Milei has taken office is 155%, a figure that can in no way be explained away or blamed on predecessors. That the inflation has slowed down to these high levels is no triumph whatsoever. It is very uncommon to maintain price inflation above 200% for a long period of time. After doubling and tripling the money supply, an insolvent government can meet most of its obligations in its own currency, and more excessive money creation is not necessary or useful anymore, because very little purchasing power is left in the currency, and increasing its supply just translates to quick devaluation and very little seigniorage.

After almost two years in office, it would have been absolutely trivial for Milei to bring price inflation down to close to zero with the one simple trick that the Austrians he claims to adore have always stood by: stop creating money. Price inflation is not some act of god, natural disaster, or inexplicable spiritual malady; it is not something governments need to fight; it is something only governments and central banks can cause; it is the inevitable consequence of increasing the money supply, and that was entirely Milei’s choice. He ran on a platform of ending inflation, had the mandate to close the central bank, which was the easiest way to achieve it, but he reneged on his promise and abjectly failed at his stated mission. After all this time, the blame for this failure lies entirely with Milei. It was his choice to keep the central bank running and to massively increase the money supply. He can keep hysterically crying about the socialists and Kirchnerists all he likes, but this is now fully his presidency, and this inflation today is entirely his making.

It’s very telling here to compare Argentina to Lebanon, another hyperinflationary basket case which went through hyperinflation over the past six years and has seen its currency devalue even more than the peso. After year-on-year price inflation rose north of 100% and the lira was devalued by more than 95% against the dollar, the government could meet its lira liabilities, and it stopped increasing the money supply significantly, with year-on-year price inflation coming down to 14% in recent months. During this period, Lebanon witnessed a massively destructive war, and for much of the period it did not even have a president. An economic miracle, this was not. Everyone understands this is just the inevitable winding down of hyperinflation, a central bank taking a break after its currency has been completely destroyed and more money creation becoming futile. With very little wealth held in liras, increasing the supply of the lira can barely generate any seigniorage for the government, just very quick devaluation. Nowhere in the fiat cartel media is anyone lauding this as an economic miracle, or recommending war and political vacuum to achieve it. And yet, with a price inflation rate more than double that of Lebanon, Milei is being lauded as a genius. The difference is that he has taken billions in loans from the IMF, WB and IDB, and is allowing Wall Street and bond traders to profit from his central bank destroying the peso to pay exorbitant bond yields. His despicable groveling to the genocidal Zionist regime couldn’t have hurt, too.

A Tale of Two Shitcoins: Which is the economic miracle and which is the result of war and a political vacuum?


The hype around free market reforms has also sadly tempted a lot of Argentines to deposit billions of US Dollar cash savings into the banking system[9], where they are likely to disappear into the black hole of government debt ponzi. Milei and Caputo are currently trying to force the banks to buy more government bonds, yet again using the savings of Argentinians to prop up the government’s unsustainable debt, which is crashing the banks’ stocks and bringing back painful memories of the Corralón of 2001.[10] Another IMF bailout so soon after the last one seems highly unlikely, although Milei is actually offering to give the genocidal monster Netanyahu an honorary residency[11] so you never know.

Fiat cartel media is also lauding Milei for achieving GDP growth, but this is also ridiculous, given how much inflation he has created. It is always possible to pump GDP numbers in the short run with money creation, but the cost is paid in the future through debt servicing, fiscal and monetary crises, and burst economic bubbles. Another ridiculous stat being lauded by economically-illiterate fiat bankster media is a sharp decline in the poverty rate. All government produced statistics are creative accounting nonsense, but poverty rates are one of the most creative and nonsensical. The poverty rate is calculated by comparing incomes to living costs, and at a time in which the currency is devaluing as quickly as it is in Argentina, this becomes a futile exercise in creative and arbitrary accounting, as all incomes, prices, denominators, and numerators shift quickly, and the statistician can take extreme liberties with his choices of deflators and real adjustments. It is inconceivable that millions of Argentines have escaped poverty as their currency has been destroyed, prices have risen in pesos and dollars, and unemployment[12] and the tax burden have risen. On the contrary, one of the most reliable indicators that the Milei miracle is fake is how soon it came after he came into office. If he were to indeed create an economic miracle, it would definitely not happen overnight. It would require economic decisions extremely unpopular in the short term, it would cause an economic recession as countless people lose their fake fiat jobs, as labor and capital are reallocated to uses determined by the market rather than government and fiat inflation. Milei’s decisive electoral victory seemed a unique opportunity to pull this off, using the popular mandate to close the central bank and grit the nation’s teeth through the pain until the benefits materialized, but he chose immediate gratification through inflation and debt instead.

All talk of a free market is empty rhetoric as long as the government manipulates the money, which is a part of every economic exchange in the market, and in Argentina, government control of the money is complete. The money supply continues to increase, and the central bank is imposing an interest rate of 65%, making speculation on the government’s bonds the only possibly profitable industry. Restrictions on foreign currency are still in place in spite of all the talk of liberalization.[13]

Milei seems to have managed to balance the budget, but this is not the win his promoters think it is.[14] The budget is only balanced if one does not count the cost of servicing the debt, which is enormous. Balancing the budget while piling on more debt and enormously growing the cost of debt servicing is like closing the barn door after the cows have already left; it’s not going to bring them back. Further, he has raised taxes in spite of promising to cut his arm before raising them.[15] This just means an increased burden of the state on society, primarily to pay off bond speculators. He may have reduced government spending, which seems admirable on its face, but in reality this has come mainly in the form of cuts to public works like road maintenance, which will mean decrepit infrastructure, and cuts to retirement and pensions[16], exacerbating the poverty his sycophants in the media pretend he has reduced. The viral video of him eliminating entire government ministries is yet another broken campaign promise, with most of these being renamed into secretaries and the total cost savings amounting to a rounding error.[17] He has also vowed to quadruple spending on the military[18], a ridiculous waste for a bankrupt government under no threat from its friendly neighbors, and likely an expensive stunt to curry favor with the global arms industry and the US and Israeli governments in the hope of getting more loans.

In sum, Milei has increased inflation, taxation, and public debt, the unholy trinity of cardinal sins for the Austrian school economists he claims to adore. He has also increased military spending and supported the supreme statist crime of genocide. And what did Argentina get in return for these five indelible abominations? Just a highly volatile shitcoin casino in the form of volatile peso and government bonds with enormous yields, making bond and foreign exchange speculation the only path to financial security in Argentina, albeit a very risky one. And his fans also got empty stupid theatrics with chainsaws and profanity-laden speeches.

The sad reality is that the depreciation of fiat creates a demand for chasing yield from government bonds, and all over the world, a lot of money is forced by government regulation to go into government bonds, under the ridiculous pretext that they are the safest investment. This means a giant captive market of helpless suckers for insiders and banks to pump-and-dump government bonds on, and the fiat financial media is the pied piper luring people worldwide into these scams. The situation is identical to how shitcoin scammers invent ridiculous narratives to promote premined shitcoins, which cryptocurrency media spreads to tempt gamblers to invest in them while the makers of these coins dump their premined coins as they inevitably go to zero. “Argentina’s economic miracle” is just another scam narrative to pump and dump Argentina bond shitcoins, like “Turing-complete world computer”, “smart contract platform”, and “real estate on the blockchain” are scam narratives to pump premined scamcoins. The average macro analyst mainly differs from the average crypto influencer social media account in having better grammar and lower income. And Milei now has the rare distinction of being a seasoned veteran of both markets, as he combined ‘economic miracle’ bonds with tweeting to encourage suckers to invest in a memecoin to support Argentina’s economic growth and small businesses, then proceeded to rugpull them in hours, with his team making off with tens of millions of dollars.[19]

Without ending inflation, Milei’s libertarian and Austrian economics theatrics have been hijacked to serve the most unlibertarian and un-Austrian ends imaginable. Just when it seemed like the fiat bond ponzi in Argentina had ended and could no longer be salvaged, the same banksters who had gotten Argentina to this place plucked this clown from TV studios to pretend-play an anti-inflationist Austrian economist at the Presidency, creating the illusion that Argentina’s government’s finances and peso can be saved, tricking millions of Argentines into depositing their cash dollar savings back into the black hole of the Argentine banking system, and getting more suckers to play the government bond shitcoin casino instead of having productive jobs.

All of this would have been avoided if Milei had done what he promised in his election campaign: close the central bank. Inflation would have ended, the government would have had to actually balance its budget, and after a painful adjustment period in the first year of his presidency, Argentina would already be on the road to recovery today, with no inflation. The peso would even have likely appreciated once the money printer that creates it was destroyed, as had happened in Iraq when the US military destroyed the Iraqi central bank.[20] Instead, Argentina has now been through two years of painful volatility, growing unemployment and price rises, and it is yet to face the real pain from the growing debt burden and inflation.

When the ponzi collapses, as it always does, Argentines will have lost their cash savings, and most suckers who invest in bonds will have been ruined, but the fiat cartel banks will walk away well-fed, as they always do. Milei will discredit Austrian and libertarian ideas for decades to come by associating them with their diametrical opposites: inflation, indebtedness, bond market pump-and-dumps, and genocide. It is only his constant invocation of the Austrians that makes me take time from my busy schedule to discuss this con artist and his unfortunate country. Socialists of the world, you can now laugh at us libertarians for stealing from you the same line for which we have mocked you for decades: but it wasn’t real libertarianism!

In a fantastic revelation of his character after the memecoin shitcoin he promoted collapsed, Milei had the audacity to go on TV to abdicate all responsibility for the losses among his followers, and effectively told his countrymen: NO CRYING IN THE CASINO![21] We can only hope Milei takes his own advice when his peso and bonds scams implode and spares us the repulsive spectacle of his demonic plastic-surgeoned face crying.



References at source article:

Javier Milei UNRAVELED: No Crying in the Casino! - The Ron Paul Institute for Peace & Prosperity

Last week Argentina’s Javier Milei regime tried to roll over bonds by offering investors an insane 69% interest rate, and only succeeded in rolling over 61% of them. Even a 69% annual interest rate isn’t enough to tempt investors to risk lending to the Milei ponzi, which means they either…

ronpaulinstitute.org

 

[ClaytonB]

Was the Milei presidency an elaborate swipe at ancaps? After coming into office, Milei has refused to shutter the Argentine CB, doing a complete about-face on the topic. During his candidacy, he was taking a baseball bat to the central bank in effigy, referring to it as "the worst thing in the Universe". I remember those words very clearly because I meme'd them. Now, he's coming under accusation of a crypto scandal:





His sister is also embroiled in scandal:



Hans Hoppe shredded Milei at PFS 2024:



Milei seems to be going up in smoke ... maybe I'm missing something, but that's what I'm seeing at this point. The only question seems to be... was this the plan from Day One? Was this supposed to be a "we tried ancap and it destroyed Argentina's economy" smear-operation?

 

[vita3]

Selling Argentina's natural resources to foreigners:

 

[Madison320]

Was the Milei presidency an elaborate swipe at ancaps? After coming into office, Milei has refused to shutter the Argentine CB, doing a complete about-face on the topic. During his candidacy, he was taking a baseball bat to the central bank in effigy, referring to it as "the worst thing in the Universe". I remember those words very clearly because I meme'd them. Now, he's coming under accusation of a crypto scandal:

Is there another president who has cut government spending and lowered inflation by as much as Milei in recent history?

 

[ClaytonB]

Is there another president who has cut government spending and lowered inflation by as much as Milei in recent history?

But has he? As long as he has a CB, there's no way to know what he's actually doing. That's what CB's are, they're the ultimate financial camouflage. Who knows what Milei is actually doing, but we know what he is saying, and what he is saying is a complete about-face from his campaign promises...

 

[PAF]

Is there another president who has cut government spending and lowered inflation by as much as Milei in recent history?

Perhaps reread Post #911

But has he? As long as he has a CB, there's no way to know what he's actually doing. That's what CB's are, they're the ultimate financial camouflage. Who knows what Milei is actually doing, but we know what he is saying, and what he is saying is a complete about-face from his campaign promises...

Was the Milei presidency an elaborate swipe at ancaps?

Milei seems to be going up in smoke ... maybe I'm missing something, but that's what I'm seeing at this point. The only question seems to be... was this the plan from Day One? Was this supposed to be a "we tried ancap and it destroyed Argentina's economy" smear-operation?

Yep. That's why I suggested for him to reread Post #911

 

[vita3]

Is there another president who has cut government spending and lowered inflation by as much as Milei in recent history?

Probably Not.

But when you hand over precious natural resources to foreign countries you are working for foreigners

Hurry for the foreign Capitalist?!!

 

[Madison320]

But has he? As long as he has a CB, there's no way to know what he's actually doing. That's what CB's are, they're the ultimate financial camouflage. Who knows what Milei is actually doing, but we know what he is saying, and what he is saying is a complete about-face from his campaign promises...

According to chatgpt and google he cut spending by 30% in the first year but Argentina's economy is such a basket case it's hard to tell if he really did that since it's inflation adjusted.

I did find lots of hit pieces by the Guardian, mostly complaining about spending cuts, so he can't be all bad.

You have to realize that when you cut government spending there's going to be a lot of short term pain and you're going to make a lot of enemies. That's why it never happens until there's a crisis.

Google AI:

Yes, Argentine President Javier Milei has enacted significant spending cuts since taking office in December 2023. He has fulfilled his campaign promise to reduce the size of the state and achieve a fiscal surplus, though his austerity measures have prompted widespread protests and pushed millions into poverty.
Key areas of spending cuts

• Real spending reduction: In his first year, government spending was reduced by roughly 30% in real terms after adjusting for inflation.
• Government ministries and staff: Milei has shuttered 13 ministries and laid off tens of thousands of government employees.
• Public works: Funding for infrastructure projects, including highways, bridges, and housing, has been drastically cut or frozen. This led to a large contraction in the construction sector and thousands of job losses.
• Subsidies: The government has reduced or eliminated energy and transport subsidies, leading to higher utility and transit costs for consumers.
• Social spending: There have been substantial cuts to funding for education, health, social development, and pensions. He has also vetoed attempts to increase pension and disability spending.
• Transfers to provinces: Funding transfers from the federal government to Argentina's provinces have also been cut significantly.

Outcomes of the spending cuts

• Fiscal surplus: By January 2025, Milei's government announced the country's first annual fiscal surplus in 14 years.
• Reduced inflation: Milei's policies helped reduce Argentina's rampant monthly inflation from 25% when he took office to below 2% by mid-2025.
• Increased poverty: Despite reduced inflation and a fiscal surplus, the austerity measures have been linked to a rise in poverty, which reached a two-decade high in late 2024.
• Economic recession: The spending cuts have deepened Argentina's economic recession, causing GDP to shrink year-over-year.
• Protests: The cuts to pensions and other social spending have led to protests from pensioners, public workers, and students.
• Declining approval ratings: Milei's approval ratings have declined since he took office, with recent polling suggesting his popularity is being affected by the economic hardship and corruption scandals.

 

[ClaytonB]

According to chatgpt and google he cut spending by 30% in the first year but Argentina's economy is such a basket case it's hard to tell if he really did that since it's inflation adjusted.

I did find lots of hit pieces by the Guardian, mostly complaining about spending cuts, so he can't be all bad.

You have to realize that when you cut government spending there's going to be a lot of short term pain and you're going to make a lot of enemies. That's why it never happens until there's a crisis.

Google AI:

Yes, Argentine President Javier Milei has enacted significant spending cuts since taking office in December 2023. He has fulfilled his campaign promise to reduce the size of the state and achieve a fiscal surplus, though his austerity measures have prompted widespread protests and pushed millions into poverty.
Key areas of spending cuts

• Real spending reduction: In his first year, government spending was reduced by roughly 30% in real terms after adjusting for inflation.
• Government ministries and staff: Milei has shuttered 13 ministries and laid off tens of thousands of government employees.
• Public works: Funding for infrastructure projects, including highways, bridges, and housing, has been drastically cut or frozen. This led to a large contraction in the construction sector and thousands of job losses.
• Subsidies: The government has reduced or eliminated energy and transport subsidies, leading to higher utility and transit costs for consumers.
• Social spending: There have been substantial cuts to funding for education, health, social development, and pensions. He has also vetoed attempts to increase pension and disability spending.
• Transfers to provinces: Funding transfers from the federal government to Argentina's provinces have also been cut significantly.

Outcomes of the spending cuts

• Fiscal surplus: By January 2025, Milei's government announced the country's first annual fiscal surplus in 14 years.
• Reduced inflation: Milei's policies helped reduce Argentina's rampant monthly inflation from 25% when he took office to below 2% by mid-2025.
• Increased poverty: Despite reduced inflation and a fiscal surplus, the austerity measures have been linked to a rise in poverty, which reached a two-decade high in late 2024.
• Economic recession: The spending cuts have deepened Argentina's economic recession, causing GDP to shrink year-over-year.
• Protests: The cuts to pensions and other social spending have led to protests from pensioners, public workers, and students.
• Declining approval ratings: Milei's approval ratings have declined since he took office, with recent polling suggesting his popularity is being affected by the economic hardship and corruption scandals.

Yeah, I'm vaguely aware of all that.

I don't think people are yet fully comprehending the real meaning of the word "PSYOP". Illusions are so much cheaper than reality, and the paper-tiger can seem oh-so-real. That means that illusions can be constructed on an absolutely gargantuan scale... national scale, global scale even.

Cinematic depiction of inflation that is surprisingly accurate...

 

[Madison320]

Yeah, I'm vaguely aware of all that.

I don't think people are yet fully comprehending the real meaning of the word "PSYOP". Illusions are so much cheaper than reality, and the paper-tiger can seem oh-so-real. That means that illusions can be constructed on an absolutely gargantuan scale... national scale, global scale even.

Cinematic depiction of inflation that is surprisingly accurate...

When Milei got elected I said it'll only work if he actually cuts spending and I had my doubts that it would happen. So I'm actually surprised that it seems he's actually making cuts. But it's still early so we will see.

One other point is that if he is actually making cuts I can see how you might do stuff that seems bad just to survive until the benefits of the cuts take effect.