BUENOS AIRES, Argentina — It wasn’t the most uplifting of inaugural addresses. Rather, Argentina’s newly empowered President Javier Milei presented figures to lay bare the scope of the nation’s economic “emergency,” and sought to prepare the public for a shock adjustment with drastic public spending cuts.
In first speech, Argentina’s Javier Milei warns nation of painful economic shock
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With soy and lithium trade in the balance, Argentina’s Milei has a China conundrum
The ghosts of 1968 are haunting Barack Obama, which is tremendously unfair, I say as his coeval, given that our cohort spent the Chicago Democratic Convention sticking baseball cards in our bicycle spokes rather than pelting Mayor Daley’s finest with porcine epithets. But guilt by association is ironclad in these days when American political discourse is controlled by hall monitors and tattletales. Obama’s friendship—acquaintance?—with Bill Ayers and Bernardine Dohrn is about to get extended play as the Republicans contrast Obama’s Weatherfriends with their nominee’s stint in the Hanoi Hilton.
When the Left Was Right
The vultures are ready to “make the economy scream” if Javier Milei wins!*
Argentina election 2023: what you need to know
Far-right libertarian Javier Milei is leading the polls ahead of Argentina’s Oct. 22 presidential vote, but it remains a tight race between the top three candidates, three surveys showed.
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Argentina election: from peso to dollar?
But dollarisation would also mean immediate recession and slump. It would have to start with a massive devaluation of the domestic peso monetary base. In a very optimistic scenario, if Argentina received a loan of say $12 billion from the IMF and used $5 billion as a reserve for the banking system and $7 billion to dollarise the monetary base, the domestic peso monetary base would still have to be reduced by nearly 400%. Argentine salaries (then in US dollars) would become among the lowest globally and poverty would rise to unprecedented levels. And Argentina is already in a recession with real GDP expected to drop by around 2% this year. So either way: peso or dollar, Argentine households would pay the price in living standards.
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Desperation has driven many Argentines to consider a ‘libertarian, anarcho-capitalist’ as president. If this were to happen, it will be going down another blind alley. Argentina’s capitalist economy will continue to fail.
Just scratching the surface:
Read More »By Andrew P. Napolitano
It gives me no joy to write this piece.
Even a cursory review of the redacted version of the affidavit submitted in support of the government’s application for a search warrant at the home of former President Donald Trump reveals that he will soon be indicted by a federal grand jury for three crimes: Removing and concealing national defense information, giving NDI to those not legally entitled to possess it and obstruction of justice by failing to return NDI to those who are legally entitled to retrieve it.
Donald Trump will soon be indicted. Here’s why
The Early 1960s: From Right to Left – Murray N. Rothbard – Mises Institute
— Read on web.archive.org/web/20100202021832/http://mises.org/story/2760
“There was no Russian ‘threat’; the threat to the peace of the world, in Europe, in Asia, and throughout the globe was the United States Leviathan.” – Murray N. Rothbard
For the first, the best definition of anti-Semitism is simple and conclusive: a person who hates all Jews. But here Buchanan is clearly vindicated by everyone who has ever met him, since all agree he is not “personally” anti-Semitic, has many Jewish friends, saved the job of Mona Charen, etc. Here I also want to embellish a point: All my life, I have heard anti-anti-Semites sneer at Gentiles who, defending themselves against the charge of anti-Semitism, protest that “some of my best friends are Jews.” This phrase is always sneered at, as if easy ridicule is a refutation of the argument. But it seems to me that ridicule is habitually used here, precisely because the argument is conclusive. If some of Mr. X’s best friends are indeed Jews, it is absurd and self-contradictory to claim that he is anti-Semitic. And that should be that.
— Read on web.archive.org/web/20130516075946/http://www.lewrockwell.com/rothbard/ir/Ch6.html
Ms. Cat’s Chronicles 