Imagine that. Free markets reverse the damage caused by communism.
Behind that wild man is a genuine thinker. I’m impressed with just how smart Javier Milei truly is.
Nidal Malik Hasan. Islamic nutjob. Killed 13 and injured 32 people at Foot Hood in 2009. The POS is STILL waiting to be executed!
An inflation rate of 33% with only 4% economic growth and a poverty rate of 28% may be an improvement for Argentina but it is not a victory. The road back to economic stability and true prosperity is a long one, as the Great Depression of the 1930’s demonstrated in the United States.
At 33% inflation with 4.4% annual growth the savings and income of the people is still declining at a precipitous rate. The situation is analogous to traveling down a highway at 65 mph, seeing brake lights ahead, slamming on the brakes to slow down the vehicle. If you don’t hit the brakes soon enough, you will slam into the car ahead at a speed less than 65 mph which will still result in injury or even death.
Unfortunately memories of the Great Depression have faded in the United States. Our lawmakers have abandoned fiscal responsibility, silver coinage, and the gold standard backing our currency. Our politicians will not even conduct an audit of the alleged gold reserves at Fort Knox, much less provide an accounting to the American people. Continuous wars, corporate graft, money laundering to political entities, outright fraud, and the cost of the welfare society is sending us down the road Argentina followed. In addition the financialization of the economy, by destroying the industrial base and turning the economy over to Wall Street speculators, has only accelerated the travel down the road to the next Great Depression in America. The Iran war, which will be funded with more debt, is just another push on the accelerator.
Thomas Piketty—he had already called a “turd” and a “criminal disguised as an intellectual,”
The Peronist and Kirchnerites were just so corrupt, so bloated, and so inefficient, Argentina would very naturally get a huge economic boost by simply eliminating their worst practices.
Like in the USA, the real long-term challenge will be legally and within rule-of-law, challenging the socialists entrenched, deep-state power.
It’s time for Argentina to reclaim the Falkland Islands. Even in the 80s, Britain could not have won that war without major US help and I guarantee you none would be forthcoming now. And it would be a great message to our European “allies.”
I’m surprised he has been allowed to live. Honestly! He’s showing the world a truth that many don’t want to see.
Argentina is a beautiful country and every one I met were super friendly. Argentina and El Salvador are on my upcoming vacation plans once I visit the last of my family in the Muslim Caliphate of Ireland and Scotland.
When present-day “experts” announce/predict something, one can definitely “expect” the exact opposite to be true.
Global Warming
World War Three
Inflation
Recession
Toe Fungus
Etcetera, Etcetera, Etcetera
(thank you Yul Brenner)
Friedman was right! Gov’t is not capable of solving billions of simultaneous equations per second like the free market can. It’s time for politicians to realize that market interference (e.g., minimum wages, maximum interest rates, DEI, etc.) leads to suboptimal market solutions.