Argentina elects "far-right" libertarian--will they turn it around?

[JamieDimonsBalls]

Another W in Argentina

Argentina got rid of rent control. Housing supply skyrocketed

The Argentine president, known for his free-market stance, repealed a law that had imposed restrictions on landlords and significantly reduced rental availability.

www.newsweek.com

He’s on a roll

 

[jsig]

 

[JamieDimonsBalls]

What a speech. I’m on the Millei train

 

[crazed_hoosier2]

What a speech. I’m on the Millei train

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He’s a unicorn in the world of government. The guy just flat gets it.

That’s why I’m writing him in for POTUS.

 

[WhyisIUBBcursed]

He’s on a roll

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He should be very proud of the 52% poverty rate his policies have created. Well done

 

[crazed_hoosier2]

He should be very proud of the 52% poverty rate his policies have created. Well done

Milei has maintained all along that the transitionary period was going to involve some pain. When he was elected, I wondered if he’d be able to survive long enough politically to see it through. I still do.

But taking note of the pain they’re having now is like walking into an operating room and scolding the surgeon for all the blood. It’s surgery - it’s gonna have some blood.

But he’s making good moves and it will attract capital investment. The country is going to end up being prosperous again.

 

[UncleMark]

He should be very proud of the 52% poverty rate his policies have created. Well done

It was over 40% when he was elected.

 

[JamieDimonsBalls]

He should be very proud of the 52% poverty rate his policies have created. Well done

Short term pain, long term gain

 

[Joe_Hoopsier]

What a speech. I’m on the Millei train

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What do you think it would take to get THE Donald to grow some pork chops? This dude just oozes the sweat of the founding fathers of the USA!

 

[WhyisIUBBcursed]

It was over 40% when he was elected.

True. It’s been a shit show for awhile there

 

[snarlcakes]

If you had a difficult day, this will cheer you up.

 

[crazed_hoosier2]

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If you had a difficult day, this will cheer you up.

 

[snarlcakes]

 

[Joe_Hoopsier]

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Is there a correlation here that more government causes inflation?

 

[crazed_hoosier2]

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Sound policies produce sound outcomes. If he can weather the political storm of the transition period and stay the course, Argentina will be poised to prosper tremendously in coming decades.

My effort to get Milei elected here fell a little short, dammit. But hopefully we (and the rest of the debt-laden world) will take note of his proscriptions and their results.

 

[All4You]

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DOGE afuera?

 

[dbmhoosier]

 

[OpenWheels]

Milei is saving Argentina and if he can stay in office, will be giving their poor a real chance at a very prosperous future. Bless him.

Meanwhile, in the USA we have idiots espousing and implementing rent control and then bitching that housing is so expensive and hard to find. Kamala wanted to double down with rent control on groceries.

Tell Javier to cross at the Mexican border, it's open. He can't be president but maybe we can make him the Czar of educating politicians on unintended consequences and their actual solutions. Make that a cabinet position.

 

[snarlcakes]

 

[BradStevens]

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Interesting. Milei have autism?

I’ve noticed a correlation between strict libertarians and those on the spectrum.

 

[snarlcakes]

Interesting. Milei have autism?

No.

I’ve noticed a correlation between strict libertarians and those on the spectrum.

I don’t disagree with this conclusion.

 

[OpenWheels]

That guys is far from a 'pure' (i.e. nutty, lol) libertarian.

Argentina's past 'economic' policies were so terrible, he seems all free market when really he's picking and choosing what order to change things in. Leaving a ton of controls in place.

The situation around the globe in many countries pushing hard left policies so wrong headed, that he gets called 'far right' as an epithet. It's not 'far right', it's liberal! Classical liberal. Which works.
,

 

[JamieDimonsBalls]

Here's a good review:

https://www.reuters.com/world/americas/argentina-investors-bet-mileis-popularity-year-after-his-election-2024-11-18/

non-paywall:

https://archive.ph/NNMEr#selection-1475.0-1478.0

 

[OpenWheels]

Here's a good review:

https://www.reuters.com/world/americas/argentina-investors-bet-mileis-popularity-year-after-his-election-2024-11-18/

non-paywall:

https://archive.ph/NNMEr#selection-1475.0-1478.0

Thanks. Investors love the reforms. And the 'country risk', while high even for South America, is way down from when they were clearly behaving like marxist idiots.

It says the surprise is the population is putting up with it pretty well despite the required large spending cuts.

What is surprising, he said, "is that the population has bought into it, and that has meant that his popularity has held up pretty well. Given the scale of the spending cuts, it's pretty remarkable that he remains as popular as he does." A survey closely watched by markets from the Torcuato Di Tella university showed confidence in government, a proxy for Milei's standing, rebounded in October after a September slip. Going back to 2003, only Peronist Nestor Kirchner and center-right Mauricio Macri scored better than Milei at this point of their term.

 

[hookyIU1990]

There are many interview excerpts in this Twitter thread.

 

[BradStevens]

There are many interview excerpts in this Twitter thread.

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I don't think we need the kind of upheaval Argentina does.

This is where Musk, I'm guessing, might have a blindspot. Solving engineering and physical science questions isn't the same as solving political or even economic ones. Many of those in the hard sciences fall into this trap.

 

[hookyIU1990]

I don't think we need the kind of upheaval Argentina does.

This is where Musk, I'm guessing, might have a blindspot. Solving engineering and physical science questions isn't the same as solving political or even economic ones. Many of those in the hard sciences fall into this trap.

Come in with the idea that it's all going to be cut to the bone and let the politicians use all of their chips to save what they can. This would be one of the few times a compromise of such enormous magnitude would still be good.

 

[BradStevens]

Come in with the idea that it's all going to be cut to the bone and let the politicians use all of their chips to save what they can. This would be one of the few times a compromise of such enormous magnitude would still be good.

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His ending comments are what sink him in a democracy. A majority of people believe the government should do more than that.

 

[hookyIU1990]

His ending comments are what sink him in a democracy. A majority of people believe the government should do more than that.

Like I said, go in with the intent to burn it all down and let the pols bust their asses to save what's really important to them. We elect representatives for a reason. Make them earn their money. If the end result is even a 10-15% reduction, it's better than nothing.

 

[Joe_Hoopsier]

His ending comments are what sink him in a democracy. A majority of people believe the government should do more than that.

Do you think that it is 1) actually a majority and 2) if so is that because we have been indoctrinated to believe that with the slow creep of cradle to grave welfare?
Thank you for taking my call.

 

[hookyIU1990]

It's stuff like this that gets my hackles up. I know the amounts aren't even rounding errors, but how many equally dumb things like this (similar in size) exist as part of larger programs, too?

 

[OpenWheels]

It's stuff like this that gets my hackles up. I know the amounts aren't even rounding errors, but how many equally dumb things like this (similar in size) exist as part of larger programs, too?

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'Stimulus', is how the moron politicians and government bureaucrats see it.

I'm all for some grants to universities for hard science, results which become available to all, and stuff like lesser conditions/'orphan' drug medical research.

Most of it is way too far though. Universities even can get funding from donations and tuition for most of their stuff. That way they will direct it more wisely. Or 'less dumb and wasteful'.

 

[hookyIU1990]

'Stimulus', is how the moron politicians and government bureaucrats see it.

I'm all for some grants to universities for hard science, results which become available to all, and stuff like lesser conditions/'orphan' drug medical research.

Most of it is way too far though. Universities even can get funding from donations and tuition for most of their stuff. That way they will direct it more wisely. Or 'less dumb and wasteful'.

I went looking for an answer to my question.

~$900,000,000,000.00 in waste was identified last year.
PDF Download of Report

Now add in stuff like this:

 

[BradStevens]

Do you think that it is 1) actually a majority and 2) if so is that because we have been indoctrinated to believe that with the slow creep of cradle to grave welfare?
Thank you for taking my call.

Yes, I do think it is a majority.

 

[crazed_hoosier2]

I don't think we need the kind of upheaval Argentina does.

To the same degree? No. In the same direction? Yes.

The way I see it, they’re just farther down the same road to oblivion that we’re on. I have serious doubts that our policymakers are going to be able to fix our fiscal chasm. They’ve had ample opportunity to do so. And the sooner they’d have done it, the less severe the adjustments would have needed to be. And what have they done? Nothing.

So what option does that leave? Well, it leaves what Argentina tried to do.

The good news from what has happened the past year is that it proves (thus far) the fixes can be made and can bear the desired fruit. If Milei and his successors can see it through, Argentina should see terrific growth in coming years…and it will be the kind of growth all countries want (from consumption and investment, not public spending).

 

[BradStevens]

It's stuff like this that gets my hackles up. I know the amounts aren't even rounding errors, but how many equally dumb things like this (similar in size) exist as part of larger programs, too?

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What are hackles, anyway?

 

[BradStevens]

To the same degree? No. In the same direction? Yes.

The way I see it, they’re just farther down the same road to oblivion that we’re on. I have serious doubts that our policymakers are going to be able to fix our fiscal chasm. They’ve had ample opportunity to do so. And the sooner they’d have done it, the less severe the adjustments would have needed to be. And what have they done? Nothing.

So what option does that leave? Well, it leaves what Argentina tried to do.

The good news from what has happened the past year is that it proves (thus far) the fixes can be made and can bear the desired fruit. If Milei and his successors can see it though, Argentina should see terrific growth in coming years…and it will be the kind of growth all countries want (from consumption and investment, not public spending).

I'm hoping Argentina turns it around but it's way too early to tell.

 

[crazed_hoosier2]

I went looking for an answer to my question.

~$900,000,000,000.00 in waste was identified last year.
PDF Download of Report

Now add in stuff like this:

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Things like this are why I’m just not all that moved by charges that Pete Hegseth is unqualified to lead the DoD.

Look at what the people who are (supposedly) qualified to lead it have done. It’s (no pun intended) indefensible.

 

[crazed_hoosier2]

I'm hoping Argentina turns it around but it's way too early to tell.

They will if they can muster the political will to see it through. To me, that’s the big question mark…not that the policies they’re implementing aren’t the kinds of policies they need to pursue.

I think it’s instructive that Milei points to Ireland as an example of a country that has vastly grown their pc GDP. He’s right to do so.

 

[hookyIU1990]

What are hackles, anyway?

Feathers on a rooster's neck. They stand up, or maybe out is the better description, when they're mad and about to get ornery.