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  • How Did 108 Economists Predict Milei’s Results Exactly Wrong?

    02/18/2025 6:18:24 PM PST · by EnderWiggin1970 · 44 replies
    The Daily Economy ^ | 2/15/25 | John Miltimore
    In November 2023, the warning came, as clear as an omen. A political upstart was seeking office and, if elected, his policies were likely to cause “devastation” in his own country and “severely reduce policy space in the long run.” The threat was a chainsaw-wielding disciple of Austrian economics from Argentina who embraced laissez-faire economics. The predictions of doom came not from Old Testament prophets, but 108 economists who signed a public letter saying his anachronistic ideas had long ago been discredited. “As economists from around the world who are supportive of broad-based economic development in Argentina, we are especially...
  • Update: The Greatest Political Experiment; Argentina Continues to Defy Expert Forecasts

    07/27/2024 6:14:00 PM PDT · by SeekAndFind · 19 replies
    “State intervention is always bad, because it’s based on coercion, on force, and nothing based on coercion can be good.”~ Javier Milei, speaking at The Hoover Institution in May, 2024Today we take a break from our road-tripping adventure to offer a quick update from the other End of the World...Long time readers will recall our fascination over what we’ve been calling, with immodest grandiloquence, The Greatest Political Experiment of Our Age. The story so far is that, down at the southern end of the Americas, in our chosen country of self-exile, Argentina, the locals have sensibly chosen to “throw the...