https://twitter.com/MLiamMcCollum/status/1726638166906400952
{Liam McCollum
@MLiamMcCollum | 20 November 2023}
Okay, so Javier Milei:
- wants to end the central bank
- wants a free banking system
- wants competition of money
- wants to slash bureaucracies
- is an Austrian economist
- quotes Ludwig von Mises
- quotes Friedrich Hayek
- quotes Murray Rothbard
- quotes Henry Hazlitt
- quotes Milton Friedman
- quotes Lysander Spooner
- quotes Bob Murphy
- calls himself an anarchist
- calls himself a libertarian
Okay, okay, AND he is apparently pro-Israel and pro-US foreign policy, too…
But, before you freak out:
First, he's not the president of the US, the world hegemon. He's the president of Argentina. He's most likely playing along to get along, considering the US is the world empire, and they’re dollarizing (which he says is strictly an instrument to abolish the central bank and allow competition of money and free banking).
Second, ideas are powerful. Even if he doesn’t really believe the things he says about central banks and socialism, millions are *hearing* these ideas for the first time, so we should take advantage of that. Your Republican friends posting that one Milei clip to own the libs? Sit them down and talk about Austrian economics with them.
Let’s just suppose Milei is a huge foreign policy hawk:
Even if he is, we know he has also described central banks as parasitic institutions that steal from the public thanks to the inflation tax. Libertarians know that war, and almost every other government program, is financed by central banks. Without the Federal Reserve, the US could not afford their endless wars.
And his ideas point in that direction. If a sizable population in the US could be convinced by his ideas on central banks, which are larger than Milei himself, but they still believed in a hawkish foreign policy, I would still claim that’s a success because they would necessarily be constrained by a sound monetary policy if we had adopted sound money and banking.
Milei is a politician, and he's just one man.
No, we shouldn't put faith in him. Yes, we should be skeptical of him.
But we should be ecstatic that our ideas are being shared globally.