Fiery right-wing populist Javier Milei wins Argentina's presidency and promises 'drastic' changes

BBSA said:
He views central banks as inherently inflationary and detrimental to economic stability. Milei believes that central banks' ability to print money at will leads to artificial price increases, eroding the purchasing power of citizens' savings and wages. He argues that the free market, without central bank intervention, would provide for a more stable and prosperous economy.

Milei's views on central banks are rooted in his broader libertarian philosophy, which emphasizes individual freedom and limited government intervention. He believes that central banks represent an overreach of government power and distort the natural functioning of markets.

Milei's proposals for replacing central banks have varied, but he has generally advocated for a return to a gold or silver standard. He believes that fixing the value of currency to a precious metal would prevent inflation and promote economic stability.
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All assets (money included) are inflationary.

You kinda need money, it just makes doing business easier.

The accepted way to deal with inflation and provide stability is to make money more expensive(push up interest rates) to stop borrowing. Not that that stopped Argentina in the past. They like to borrow all the money until they default.

Going to dollars doesn't solve the problem.
A gold standard puts a hard limit on spending, if you run out you run out, sure. You can accomplish the same thing with some fiscal responsibility and a balanced budget.

Strick Libertarian philosophy is don't let government(central bank) intervene and smooth out market instability. Let the credit cycle run its natural course.

But this is very speculative. I'll wait and see what he actually does.

There's Libertarian/Ancap ideas around how private police, justice and money can work. But those are on the Utopia side of things that should probably be the last to go if you even get there.
 
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People are getting tired of the woke left.
rietrot said:
All assets (money included) are inflationary.

You kinda need money, it just makes doing business easier.

The accepted way to deal with inflation and provide stability is to make money more expensive(push up interest rates) to stop borrowing. Not that that stopped Argentina in the past. They like to borrow all the money until they default.

Going to dollars doesn't solve the problem.
A gold standard puts a hard limit on spending, if you run out you run out, sure. You can accomplish the same thing with some physical responsibility and a balanced budget.

Strick Libertarian philosophy is don't let government(central bank) intervene and smooth out market instability. Let the credit cycle run its natural course.

But this is very speculative. I'll wait and see what he actually does.

There's Libertarian/Ancap ideas around how private police, justice and money can work. But those are on the Utopia side of things that should probably be the last to go if you even get there.
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He never suggested going to the dollar.
 
BBSA said:
People are getting tired of the woke left.

He never suggested going to the dollar.
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I did see an interview where he said that. I think the words was "dollarising the economy". Maybe I'm wrong.
 
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With 99.4% of votes tallied in the presidential runoff, Milei had 55.7% and Economy Minister Sergio Massa 44.3%, according to Argentina's electoral authority.
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That's a resounding win.

I'm curious to see what he'll do. Seeing that he's proposing radical reforms economically
and some (which I personally don't agree with) social reforms.
He also espouses several conservative social policies, including an opposition to sex education in schools and abortion, which Argentina’s Congress legalized in 2020.
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And so the winds of change blow once more. Hope to see the same happen here next year.
 
Some are saying controlled opposition.

I would say if they leave him alone for long, then that might be the case.

The central-planners of the world such as the WEF simply cannot afford to have an open discussion, let alone a Rothbardian discussion.

My God, you can absolutely forget it.

They are going to throw every toy out of that cot and kick up the mother of all storms in Argentina to stop that discussion. A discussion that is sure to spread like wild fire.

A reminder of Milei's (Rothbardian) principles.....
  1. Radical tax cuts
  2. Radical reduction of the welfare state
  3. Abolition of privileges for "protected" minorities
  4. Crushing criminals
  5. Getting rid of bums
  6. Abolition of the [Argentina's version of the] Federal Reserve
  7. A program of [Argentina] America First (anti-globalist and isolationist)
  8. Defending traditional family values
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rietrot said:
All assets (money included) are inflationary.

You kinda need money, it just makes doing business easier.

The accepted way to deal with inflation and provide stability is to make money more expensive(push up interest rates) to stop borrowing. Not that that stopped Argentina in the past. They like to borrow all the money until they default.

Going to dollars doesn't solve the problem.
A gold standard puts a hard limit on spending, if you run out you run out, sure. You can accomplish the same thing with some fiscal responsibility and a balanced budget.

Strick Libertarian philosophy is don't let government(central bank) intervene and smooth out market instability. Let the credit cycle run its natural course.

But this is very speculative. I'll wait and see what he actually does.

There's Libertarian/Ancap ideas around how private police, justice and money can work. But those are on the Utopia side of things that should probably be the last to go if you even get there.
Click to expand...
Rare moment seeing someone who understands how modern economies work.
 
lexity said:
Some are saying controlled opposition.

I would say if they leave him alone for long, then that might be the case.

The central-planners of the world such as the WEF simply cannot afford to have an open discussion, let alone a Rothbardian discussion.

My God, you can absolutely forget it.

They are going to throw every toy out of that cot and kick up the mother of all storms in Argentina to stop that discussion. A discussion that is sure to spread like wild fire.

A reminder of Milei's (Rothbardian) principles.....
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There's a strange community of Incels on the internet that will say controlled opposition for everyone. Meh.
 
BBSA said:
I like this guy; he wants to abolish their central bank, and he is a critic of Russia's misguided war in Ukraine.
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He's right to abolish the central bank.

The interesting question has always been: 'How does one go about it?' Because taking a chain-saw to government spending is going to displace a lot of people.

That's the trouble every small-government advocate faces... it's withdrawing support for the dead weight that has been accumulating for decades under a Progressive, Keynsian economy.

The chainsaw comes with unrest.... and I'm guessing much of it will be the same old globalist antics i.e. a BLM-equivalent and Antifa.
 
I still think this is the time to hold a referendum to secede part of Argentina to the Progressives and Commies.

This would remove all the upcoming excuses for serious unrest.
 
lexity said:
I still think this is the time to hold a referendum to secede part of Argentina to the Progressives and Commies.

This would remove all the upcoming excuses for serious unrest.
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