151–160 of 184 posts
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Inflation is a symptom, not the cause. Not sure how Argentinians are supposed to do better using cryptocurrencies.
There is no federal agency or corporation that can inflate Bitcoin like Argentina's central bank has been doing. This is the major cause of inflation.
So again, this is really a symptom of a deeper problem.
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>That sounds like a common world problem, not anything specifically Brazilian. Before the pandemic I personally never saw a single person denying vaccines to their children. Our health system had one of the most successful vaccination programs in the world, we were nearing 100% rates on a country with a scale of continent. Since Bolsonaro our rates are dropping on a very alarming rate and on the streets you see peopl…
"Before the pandemic I personally never saw a single person denying vaccines to their children. " In that sense, you were lucky before. In the Western world, widespread anti-vax paranoia dates at least back to the infamous Wakefield paper (1998) linking vaccination to autism. It was probably just a matter of time until it skipped over the ocean to Brazil as well. Language barrier might have protected you temporarily,…
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There is no federal agency or corporation that can inflate Bitcoin like Argentina's central bank has been doing. This is the major cause of inflation.
Currency was inflated to avoid defaulting on payments on debt. So again, this is really a symptom of a deeper problem.
With regards to out of control spending, I think Milei is trying to get that under control. No idea if it'll work though.
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> it was heavily inspired by a Russian-Chinese coalition trying to create a powerbloc in Latin America, and who also pushed for the same thing in the US
Lol Lula da Silva is much more pro-Russia and pro-China than Bolsonaro ever was
It's especially interesting since the whole thing with Steve Bannon & co. is pretty widely knwon.
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Currency was inflated to avoid defaulting on payments on debt. So again, this is really a symptom of a deeper problem.
Regardless, you can't print more Bitcoin. With regards to out of control spending, I think Milei is trying to get that under control. No idea if it'll work though.
The kind of intermediate-level inflation (not tour typical inflation, but also not hyperinflation) that exists in Argentina (or Turkey for that matter) is typically caused by governments addressing underlying problems by driving inflation up (it's not an unintended consequence of poor monetary policy, they aren't oblivious). Sure it's not nice, but the problem is: how do you solve the underlying problem anyway. If you just say “I'm gonna play the "strong money" card no matter what” you're not solving the problem, you're tying your own hands and now you have two problems.
Be careful what you wish for.
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Please provide the examples of market failures and I suspect on closer examination you will discover State failure, not market failures.
The speed with which you moved from dissenters-from-economic-orthodoxy-are-creationists to rejecting the possibility of imperfect information, transaction costs or natural monopolies for not confirming to the dogma that the market is always right is truly impressive...
However what is the reason governments should be involved in imperfect information or transaction costs?
Please provide specific market failures.
Additionally creationists is the perfect analogy for collectivists, socialist and marxists, their ideas require magic fairy dust to have any chance of working.
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You're ranting about marxists...but the question is whether markets can fail. Milei says no. But there are plenty of examples of markets failing so, if we take that idea seriously, it reduces to something like "free markets have never been tried". What does that remind you of?
> You're ranting There's no need for this. Marxism seems to be a re-growing school of thought, taking various angles in modern society and culture. No ranting has happened, and your mischaracterisation of things is revealing.
When I make a pro-libertarian comment I’ll initially get many upvotes, I know this because I refresh HN periodically and so I notice my points go up.
Then many hours or even days later I’ll be downvoted heavily and even go negative. I’m not sure what to make of it tbh.
Wanted to mention it because now your comment is faded which I think means negative feedback.
How this is relevant in general is that I find it disappointing that the tech community in general somehow has a very poor education in economic history and in particular seems to not be aware of the tragic consequences of collectivist and socialist policies. Which is clearly an indicator of problem within the education system.
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Beware, exploits have been found in the past where cloning a repo allows remote code execution.
interesting; i hadn't heard about that it looks like there was one in 02018: https://www.trendmicro.com/vinfo/es/security/news/vulnerabil... and another one in 02021 which only affected macos users with a non-default configuration https://portswigger.net/daily-swig/git-vulnerability-could-e... and more worryingly two in 02022 https://www.infoq.com/news/2023/01/git-remote-code-vulnerabi... hopefully there aren't any n…
The author talks about the people being very friendly.
If the author is white, that is a very different experience than if you’re a person of color.
Hollywood gives tall while people a special perception in places that don’t have white folks.
You could be super wealthy and black, and most countries would still treat you as a poor African.
The biases based on color are very real.
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Do you know why the USA is the richest country in the world while being full of homeless, or has the strongest army in the world while having the shittiest healthcare of all developed countries? Because liberalism, I/E shrink the state so that ~the corporations can rule~ the invisible hand of the market can fix everything. Even Adam Smith recognised that you need a state to limit the power of the big actors in the in…
It seems like you are confusing two different terms, liberalism and libertarianism.