141–150 of 184 posts
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Sound fiat central bank managed monetary policy is now libertarianism? Sheesh...
He has no interest in his own central bank, so no, we wouldn't say that's sound central bank monetary policy.
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"700k brazilians died to COVID, we now have a huge anti-vax problem" That sounds like a common world problem, not anything specifically Brazilian. In my country of 11 million (including Ukrainian refugees), we've had 45 thousand deaths. And anywhere where people frequent Facebook, the anti-vax movement thrives. It is not even specifically far-right, a lot of the crowd belongs to the organic green bio-mom milieu. I ca…
> The coup thing is fairly unique, though. Not as much. It was heavily inspired by the events in the USA.
They elected a freakin' maniac and they're gonna pay a heavy price for that. In Brazil we have a saying "pior que tá não fica", which translates to something like "it cannot get worse than this". Belive me when I say this: it can (and probably will) get worse. It can (and probably will) get SO MUCH worse. We tasted this poison with 4 years of Bolsonaro trying to get away from the establishment. What did we get in ret…
We've tested many different ideologies and organisational structures just in the last few hundred years. Currently we have a successful but pretty crappy form of capitalism. Some countries have experimented with Communism, fascism, oligarchy (ism)?), feudalism ect ect. Why not give libertarianism a shot?
Things weren't regulated for a long time, and that's why there were literal snake-oil salesmen blowing literal smoke up your ass while their 10 year old kids worked 7 days a week. It was only around the 1900s that we really started regulating things -- and for good reason.
this is a pretty good post if you're interested in what the fuck is going on in argentina, you might try git clone http://canonical.org/~kragen/sw/pavnotes2.git and read milei-diary.md, which are my observations here on the ground, after having lived here most of my adult life. it's been a few weeks since i added an entry to it, but i'll update it again soon one minor problem with the post: 'the white rate' is a phra…
put it in a pastebin or get a blog man. substack is a thing for a reason.
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Perhaps, if you have never been to the West - the object of Milei's criticism - it is possible to believe that it is a world where people are impoverished and dying through evil collectivists providing welfare states. For everyone else, that's a perspective as extreme as his chainsaw stunts. Milei's bark is likely to prove more extreme than his bite, of course. He's already pointedly not abolishing the central bank a…
> where people are impoverished and dying through evil collectivists providing welfare states Your perspective is too non-collectivism skewed. The West is a mish-mash, but it's the bastion of economic liberalism and capitalism. Those are so effective that they can pay for all sorts of social policies without affecting the productivity too much of the people making the money. You should be thinking about the millions…
He explicitly isn't saying anything about the Holodomor or the Great Leap Forward, and he is criticising the leaders of the United States, the EU, the UK and Sweden for being too "collectivist" (and suggesting that neoclassical economics is insufficiently supportive of capitalism because it concedes market distribution might not always be perfect!)
The world doesn't lack defences of capitalism or criticisms of the USSR and Latin American socialism, nuanced and otherwise. But the perspective of equating the policy stance of the Biden or Macron or Sunak administration on welfare and regulation with Stalinism or Maoism or even Chavismo is the definition of extremism, and not even high-quality, evidence-based extremism.
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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?
Please provide the examples of market failures and I suspect on closer examination you will discover State failure, not market failures.
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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...
this is a pretty good post if you're interested in what the fuck is going on in argentina, you might try git clone http://canonical.org/~kragen/sw/pavnotes2.git and read milei-diary.md, which are my observations here on the ground, after having lived here most of my adult life. it's been a few weeks since i added an entry to it, but i'll update it again soon one minor problem with the post: 'the white rate' is a phra…
im not going to clone a repo and import code just to read a text file. put it in a pastebin or get a blog man. substack is a thing for a reason.
there's no code
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> I think explains a bit about what is happening, and what is about to happen There is a lot of distance between promising economic changes and getting a positive outcome. His path seems to include a lot of reducing income to the government, privatization of government services and shuttering government branches that promote sciences, etc. I think he wants to recreate Alabama https://en.wikipedia.org/wiki/Political_p…
I'm sure a lot of Argentinians would love to live in a place as stable and prosperous as Alabama.
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> The coup thing is fairly unique, though. Not as much. It was heavily inspired by the events in the USA.
> 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