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The United States Needs Its Own Javier Milei. Can That Happen Before Hyperinflation?

Posted by freedomforall 5 months, 1 week ago to Politics
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Excerpt:
"On Sunday, the populist Austrolibertarian Javier Milei was elected president of Argentina. In the United States, the reaction ranged from concerned curiosity on the part of the political establishment to enthusiastic celebration across the populist Right—including, notably, some economic nationalists. Several renowned libertarians also brought attention to some of Milei’s many flaws, such as his views on geopolitics.

Milei’s libertarian skeptics make many good points. And odds are a man with a legislature stacked against him will not be able to address Argentina’s many problems without some political backup. But still, there is much to admire about Milei’s rise and plenty to learn from his campaign’s bold, spirited rhetoric. Because our country is also in desperate need of a similar course change.

Many Americans are in a tough spot right now. Eighty years of inflationist monetary policy has made life more expensive. And the heavy government involvement in many of the most important sectors—including healthcare, housing, education, and energy—has made it harder for younger Americans to afford the same lifestyles as previous generations.

Further, the Federal Reserve’s manipulation of interest rates has left the American people heavily in debt, low on savings, and forced to weather the recurring nightmare of the boom-bust cycle. Meanwhile, as Washington’s decades of foreign intervention predictably blow up in its face, politicians are calling on the American people to fork over an ever-increasing amount of money in the futile effort to sustain an unchecked global empire. All while, at home, the government remains unable or unwilling to protect the lives and property of millions of Americans.


We may not yet have a poverty rate over 40 percent or inflation north of 140 percent like Argentina, but we’re on a trajectory that leads straight to that kind of economic ruin. It doesn’t have to be this way. We know the way out."
SOURCE URL: https://quoththeraven.substack.com/p/the-united-states-needs-its-own-javier


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  • Posted by mccannon01 5 months, 1 week ago
    A couple of observations:

    1) It would seem Argentina doesn't use Dominion or other Chinese Communist Party infected voting machines.

    2) Milei will face an entrenched bureaucracy as Trump did (bureaucrat: "Presidents come and go, but we are forever.") Melei seems willing to fire the lot, however, and we will have to wait and see how that goes.
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    • Posted by 5 months, 1 week ago
      New Zealand succeeded in a substantial return to free markets about 30 years ago when the elected PM
      would not compromise. As in Atlas Shrugged the looters allowed it to happen to save themselves.
      They waited in the 'shadows' and slowly took control again. Today NZ is firmly controlled by the Deep
      State because the people have no weapons and have chosen to live as serfs. There are also many
      thousands of immigrants there from the former Soviet Union who long for the comfort of slavery.
      That is the effect that unmonitored immigration has had on a formerly free country.
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  • Posted by $ Markus_Katabri 5 months, 1 week ago
    A poverty rate over 40% is what it will take to get the mushy 30% that support Biden to turn. We need to step on the accelerator. Stop feeding the beast. Let them print tax revenue until everyone realizes that it’s worthless.
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    • Posted by $ blarman 5 months, 1 week ago
      While you are right, it is also EXACTLY what the Fed is counting on, because their "solution" to the problem will be to convert to a new all-digital currency where everyone can "start over." If we had the economic collapse WITHOUT the Fed's proposal being considered, you might get some traction. My other fear is that the typical US Citizen is just too hooked on government largesse and they would call for even MORE federal subsidies. I think we're going to have to ride this clear to the bottom of the porcelain cistern and wait as the riots and resulting civil war tear the country apart. Which is another result the globalists can live with. :(
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    • Posted by Aeronca 5 months, 1 week ago
      "Printing tax revenue" perfect phrase! We want to spend more money so we'll invent it, inject it, and tax it. Government.
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      • Posted by $ Markus_Katabri 5 months ago
        It’s a self licking ice cream cone at this point.
        It’s already worthless. The majority just haven’t caught on yet. If everyone else didn’t think it was worth something I’d line a bird cage with it. But for now I get the satisfaction of tricking people into providing me goods and services for worthless green pieces of paper that other people throw at me for providing goods and services. (Had a guy try to negotiate down on price the other day…I said I’d do even better than he was suggesting if he paid in Silver Dollars…he was confused which illustrates my point. With the current exchange rate of $30ish to 1 I’ll take silver and charge him sales tax on face value. Win-Win for both of us. But his lack of understanding real value stops such an exchange.) The modern economy in a nutshell.
        The government tries to pretend that money devaluation is GDP. It most definitely is not. It’s not even a good store of wealth. “But, I have a million dollars in my 401k!” I’m sooo sorry for them and all that risk you’ve taken on. “But, it’s all in Capital Preservation!” The mother of all misnomers. “When Money Dies by Adam Fergguson” should be required reading. But simply typing that title into a YouTube comment section will get you shadow banned.
        Money is lubricant
        Resources are fuel
        Infrastructure is engine
        GDP is horsepower
        How big the oil pan is has never directly equated to horsepower

        I am bearish on the dollar. It’s plummet shows no sign of stopping. Considering 30billion were added to the National Debt last week they are indeed “printing” money to fund this clown show.
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        • Posted by 5 months ago
          You're right, it's the end stages now. They'd like to have a gradual decline, and that might be possible
          if they immediately put on the spending brakes. Even that would cause a big increase in unemployment.
          From their point of view a big drop in the mature population is required.
          Unfortunately, that means an even faster drop in productivity and the loss of most people who
          know how to keep things working. The younger generations may be the beginning of the Eloi.
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  • Posted by Eyecu2 5 months, 1 week ago
    I like what he has to say in the article but I am dubious as to the possibility of a success happening in America. First the media would never allow someone such as him to be successful. As evidenced by President Trump. Second even if a candidate did get into office with good intentions he would either be corrupted or hamstrung again as evidenced by President Trump. Additionally, if he were able to avoid those two massive assaults that would be flung against him. Then he would have to be constantly ducking assassination attempts. For those in power behind the scenes simply would not allow someone to take America back from the ruins that they have planned for us.
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