A libertarian has been elected President of Argentina
https://www.theguardian.com/world/202...
"Javier Milei, a volatile far-right libertarian who has vowed to 'exterminate inflation and take a chainsaw to the state, has been elected president of Argentina, catapulting South America’s second largest economy into an unpredictable and potentially turbulent future."
Also:
https://www.washingtonpost.com/world/...
"He pledged to dollarize the economy, shut down the central bank and cut the number of government ministries from 18 to eight. His rallying campaign cry was a takedown of the country’s political 'caste' — an Argentine version of Trump’s 'drain the swamp.'”
"Javier Milei, a volatile far-right libertarian who has vowed to 'exterminate inflation and take a chainsaw to the state, has been elected president of Argentina, catapulting South America’s second largest economy into an unpredictable and potentially turbulent future."
Also:
https://www.washingtonpost.com/world/...
"He pledged to dollarize the economy, shut down the central bank and cut the number of government ministries from 18 to eight. His rallying campaign cry was a takedown of the country’s political 'caste' — an Argentine version of Trump’s 'drain the swamp.'”
It's funny. People in the US act as if paper ballots were never done in this nation, or on such a scale. That's simply nonsense. Paper ballots have proved a solid and fraud-hardened method of voting far before the US became a nation.
I wonder how long before people realize that "smart phones" are not so smart an idea either.
https://twitter.com/JMilei/status/156...
(translated)
Individual rights are not subject to a public vote; a majority has no right to reject the rights of a minority. The political function is to protect minorities from the oppression of majorities (and the smallest minority on earth is the individual).
This news is excellent. However, I will remain skeptical. I would take issue with some of the stuff he is planning to do.
His plan to dollarize the economy isn't necessarily going to solve the theft by inflation problem. It is just going to move it outside his control. What he should do instead is put in laws/constitutional protections against dilution of the money supply, or something to that effect. Supposedly, there is a lot of silver in Argentina. Why couldn't he just revalue their currency in silver and require any new currency going forward to be backed by allocated silver bars somewhere in a vault? It seems like that would be a better solution than dollarization.
On the other hand, the reason why they did that is because Argentine peso has been mismanaged to oblivion. So, if Milei was to undo the mismanagement and make it even better than the dollar, argentinians may switch back.
I wasn't suggesting forcing any currency on anybody. Free market allows any organization to provide a 'currency product', including a 'government entity'. I don't see an issue as long as everything is voluntary.
I think it's also interesting to note the voting by "precinct": it was the large population centers which voted for the leftist candidate ('cause you can bet he wasn't "center-left" like the article tried to paint him). Sound familiar?
https://www.nationalreview.com/corner...
It will be interesting to see how much of his economic plan Milei will be able to implement. Exciting times ahead in Argentina!
to force acceptance of a complete conversion to free market economy with hard currency and zero loans from
the banking cartel.
(Ultimately NZ reverted to socialism, but their economy was temporarily saved by the free market reforms.)
He has his very own page on their website. The Left Right paradigm is false. Two wings of the same corrupt bird coming for us.
The only way the tyranny stops is fundamental decentralization. The answer is never more government.