Coffeezilla has a really good interview about it https://youtu.be/EqizJTbxAEM
Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
201–210 of 383 posts
Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#202Just to clarify, here are some important differences compared to the Trump case: 1. Milei did not sell this as a memecoin at all, unlike Trump, he sold it as a "financial instrument to help finance small Argentinan enterprises". 2. Trump tweeted about $TRUMP BEFORE stepping into office, Milei is already the president of Argentina. This constitutes an obvious ethical violation, and possibly a legal one as well. 3. 80%…
> ...and he's helping Argentina's economy, and that cannot be further from the truth sadly. Tell me you don't live in Argentina without telling me you live in Argentina.
How are comments like this ("Tell me X without telling me X") helpful? This is such a low-effort reply; at least briefly explain why you disagree with OP.
Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#203Earlier quoted context omitted.
>and that cannot be further from the truth sadly. Okay, so please cite a few more examples of how his economic policies are so terrible in so many ways, particularly compared to the literal decades of economic mismanagement under most of the country's previous governments, and their largess for the sake of garnering supporters. >If he made such a blunder in finance which supposedly is one of his specialties just imag…
[flagged]
Maybe it can be a place where the world is not always split into team read and blue, hating on each other forever?
Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#204Earlier quoted context omitted.
Whatever the stupidity around this memecoin, it's hard to argue he isn't doing something to help the argentinian economy. It turns out it doesn't take much to appear to be an economic genius - just stop spending money the government doesn't have and get rid of onerous market regulations (eg. rent controls). I'm in support of social spending to support those in need, but it's clear Argentina was moving ever-further aw…
"However, some described Peronism as a Latin American form of fascism instead." https://en.wikipedia.org/wiki/Peronism
What do you want to say with that?
Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#205Just to clarify, here are some important differences compared to the Trump case: 1. Milei did not sell this as a memecoin at all, unlike Trump, he sold it as a "financial instrument to help finance small Argentinan enterprises". 2. Trump tweeted about $TRUMP BEFORE stepping into office, Milei is already the president of Argentina. This constitutes an obvious ethical violation, and possibly a legal one as well. 3. 80%…
>and that cannot be further from the truth sadly. Okay, so please cite a few more examples of how his economic policies are so terrible in so many ways, particularly compared to the literal decades of economic mismanagement under most of the country's previous governments, and their largess for the sake of garnering supporters. >If he made such a blunder in finance which supposedly is one of his specialties just imag…
Uh, let's not do that? You can criticize his policies just fine without talking about what preceded him.
Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#206Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#207I was excited about Cabbage Patch Kids, but I missed $TRUMP. Where is the $PUTIN token?
In all honesty, I've read a bunch of positive articles about Millei, and watched the Friedman interview with him. He has multiple economics degrees and really seems to understand economics in a way that Trump does not, IMHO. And, so this is horribly embarassing that he does not understand the basics of cryptocurrencies and tokens and the scoundrels. Understanding economics is not the only point when you are running a…
The Lex Fridman interview was awful. Milei hasn't said a single interesting thing. I was expecting a lot more from (I think) the first politician following the Austrian school of economics.
Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#208Earlier quoted context omitted.
> he is more intent on building his subscriber count than actually asking tough questions. It's quite a sad indicator of the state of knowledge in the world where Fridman is considered the more "intellectual" of pop podcasters when the most popular podcasts are crap like Rogan, Shawn Ryan, Candace Owens, and Call Her Daddy. Because Fridman will literally have a guest with platform A, like Netanyahu, and agree on 95%…
I don't actually see a problem with that ... He is uncritical, yes. But he doesn't deny being uncritical. It's a useful "service" to get people with diametrically opposite viewpoints to talk freely, and he does that well The interviewer doesn't need to impose their world view on the guest, or the audience -- it's OK to let the audience make up their own minds. Contradictions aren't inherently bad, either ... "consist…
> The interviewer doesn't need to impose their world view on the guest, or the audience -- it's OK to let the audience make up their own minds.
What if the guest lies or omits crucial facts? How is the audience supposed to know that? Fact checking is the very basis of responsible journalism.
Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#209Earlier quoted context omitted.
I do have to admit more and more Friedman seems like he is more intent on building his subscriber count than actually asking tough questions. I can't say I feel like his fact checking is worth anything if it ever was. I should have known better.
> he is more intent on building his subscriber count than actually asking tough questions. It's quite a sad indicator of the state of knowledge in the world where Fridman is considered the more "intellectual" of pop podcasters when the most popular podcasts are crap like Rogan, Shawn Ryan, Candace Owens, and Call Her Daddy. Because Fridman will literally have a guest with platform A, like Netanyahu, and agree on 95%…
> Because Fridman will literally have a guest with platform A, like Netanyahu, and agree on 95% of his controversial points with little pushback. And then immediately after have on Yuval Harari, with the opposite opinion on those controversial points...
Isn't that his whole schtick? Letting people voice their different opinions? Yes his questions are soft. And yes, I'd love to see Netanyahu and Harari debate - can you make that happen?
Re: Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M
#210Earlier quoted context omitted.
Not everyone believes the earth isn't flat either unfortunately. There's no need to adhere to a particular economic theory (I'm not particularly familiar with MMT) to realize that, at societies scale, money isn't some kind of scarce commodity.
The government spending more money makes money less scarce [0], at any scale (macro, micro etc). That's what we're talking about here. [0] Unless you believe in MMT
You're moving the goalpost. Here's the original quote:
> stop spending money the government doesn't have
Which has nothing to do with your response.