The United States Needs Its Own Javier Milei. Can That Happen Before Hyperinflation?
Posted by freedomforall 1 year, 5 months ago to Politics
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."
"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."
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.
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.
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.
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.