Far-right candidate Javier Milei wins Argentina election, Austerity Measures and Dollarization Coming To Argentina, How Will The Welfare Loving Socialist Argentinians react? (Far-right vs. Alt-Right) – November 20, 2023
Panama adopted the US dollar as legal tender after independence as the result of a constitutional ruling. Ecuador and El Salvador became fully dollarized economies in 2000 and 2001 respectively, for similar reasons as what’s being proposed by the coming President of Argentina, Javier Milei.
The Far-Right(Anarcho-Capitalists, Libertarians) vs. Alt-Right(National Socialist)
It annoys me that I even have to write about the Alt-Right, but it’s a must because National SOCIALISTS love to ATTACH themselves to the Far-Right, which is what you are if you’re like me and lean to the side of Anarcho-Capitalism.
National Socialists, Nazis, and Neo Nazis are indeed SOCIALISTS, if you read about the NAZI PARTY, they were basically Marxists with German Nationalists characteristics. Socialists, progressives, Alt-Righters do NOT believe in a market economy without the STRONG arm of the government, the Alt-Right and al branches of the socialist umbrella do believe in CENSORSHIP.
One of the problems Israelis have is that a lot of SOCIALISTS and MARKISTS migrated to Israel, and these people tend to push for APPEASEMENT with their enemies, which is the main reason why Israel ends up in all of these silly conflicts.
Financing a welfare state equates to financing RADICALS, we on the FAR RIGHT, seek to STARVE out the radicals. There’s no such thing as a perfect economic system, but there are economics systems that WORK and have been proven to work.
On the Far-Right, my position is that under any system, and we’ll use capitalism if you can’t produce POSITIVE capital without the use of FORCE, you don’t deserve to be making LAWS.
Capitalism is nothing more than keeping score in a FREE MARKET economy. Capitalism is actually DEFLATIONARY in practice, meaning that hyperinflation doesn’t exist in capitalism, primarily because in a real capitalist system if the money itself is CORRUPTED or not in DEMAND, people will NATURALLY stop using it.
Javier Milei Dollarization
I’ve often to the bewilderment of my Libertarian readers, stated REPEATEDLY that the central bank is NOT the problem, the problem in my opinion is how we’ve structured our DEMOCRACIES.
Democracy revolves around the IQ of the population, it’s one of the reasons, why I’m NOT against secession, as I personally believe secession with the right group of INDIVIDUALS could lead to PARADISE on earth. Secession allows those of us on the FAR-RIGHT to practice what we preach. One of the problems with ALL branches of socialism, including the nativist Alt-Right, is that they believe in a BIG GOVERNMENT or giant organization of people who will PICK and choose winners in life and in the economy.
This type of thinking from those of us on the far-right is that you’re begging for TYRANNY when you have a BIG FEDERAL government. To date, the best FINANCIAL experiments as it relate to Western Democracies have been in Switzerland and the United States, why, because both the Swiss and the U.S. MINIMIZE the power of the FEDERAL government.
What this allows to happen, is that people interested in bettering DEMOCRACY can sit back and observe what works and what DOES NOT work economically. In Canada for example, the DEMOCRATIC mechanism differ greatly from the United States, in Canada, there are 10 provinces, and in the United States, there are 50 States.
In the United States, you can see in real-time bad Democrat Party(Center Left, Leftist, Far Left Socialist) Policies in real-time, and you can compare their results to those Republican(Center Right, Right,) led States. Even better is that within the United States, you can also research MUNICIPAL economic results, which is extremely important, because most MAJOR cities are run by DEMOCRAT mayors.
So often is the case, you’ll have Republican Governors leading a State, and the worst performing cities in those States have DEMOCRAT mayors. So as an outside UNBIASED observer, you can start asking the question, what is causing this?
From there, you can start looking at POLICIES and human behavior. So, with those of us on the Right, when we see CRIME, we don’t care how much WEALTH is currently there; we’re LEAVING. Meanwhile, people on the Left gravitate to wealth with the expectation of getting a piece of the wealth without advising themselves as to what type of BEHAVIOR led to the creation of that wealth.
With these stats, you can conclude that wealth is primarily a result of BEHAVIOR, so this is why, in the United States, moderate Democrats and Right-wing Republicans of all stripes tend to get along.
Whereas the people on the FAR-LEFT, who tend to have the loudest microphones, tend to bring death and destruction everywhere they go. Now, if you’re a moderate Democrat in the United States and you GENUINELY believe in the welfare State, you’ll do what a lot of CANADIANS do, which is vote for a Left Wing politician in hopes that he can FIX the division problem.
So this often becomes the STALEMATE of the Centre-Right and Centre-Left, this reliance on ONE person to FIX everything, when data suggests that we all have to do our part and be HONEST about the economy.
This is where those on the Far-Right like myself come in; I believe in secessions, and I also believe in AUSTERITY measures when BIG GOVERNMENT fails. Now, if you ask most people on the Left and the Right, they don’t want austerity, and they don’t want secession, so this is how people like myself are typically left to babble amongst themselves.
I often get complaints when I write on this blog about not doing spell checks, well it’s because most of these posts NEVER get read, and I do these posts voluntarily, and I do have a life to live. But eventually, someone finds these posts when they’re looking for answers. This is what volunteerism is all about.
In Canada, there is something called EQUALIZATION payments or transfer payments, meaning that Canadian Provinces/States who run BAD economies are REWARDED with free money from the Canadian Federal government.
This differs greatly from the United States, in which a badly run city or State has to live within its means. So in Canada, even the “Conservative” Political Party has to adhere to believers of PRICE controls, which is a huge problem all over Canada and typically only a problem in certain U.S. States or cities.
So in Canada, more than 60% of the population supports OPENLY Left-Wing, Progressive Big Government political parties, which has created a BRAIN DRAIN problem in Canada, in which Canada’s best and brightest including many newly arrived immigrants, use Canada simply so that they can move to the United States, more easier.
I bring this up because as anarcho-Capitalist, it’s important to comprehend that CAPITAL is not the problem, the problem is how Democracies are structured. It’s not like every free market idea is going to work, but the ability to COMPARE is very important to building a sustainable paradise on Earth. In the world we have to worry about natural disasters, meaning that we should as soon as possible learn to fix democratic disasters.
Why would an Anarcho-Capitalist want Dollarization, shouldn’t he want a GOVERNMENT Gold Standard?
One of the things that bother me most about Libertarians is their focus on the central bank, are central banks part of the problem, sure ofcourse they are, but the actual problem is DEMOCRACY, mob rule, and the majority of people who can VOTE to CONFISCATE other people’s stuff.
I’m actually happy there isn’t a GOVERNMENT gold standard, why? PERSONALLY, I consider the current President of the United States and the Current Prime Minister of Canada to be economic and financial illiterates, even if offered, I’d never be interested in meeting with either of the two.
I consider them BOYS, children, idiots, morons, that i believe the people of the United States of America and Canada have the right to vote for. Now, picture tis for a moment, there’s a GOVERNMENT gold standard and this Far Left Socialist Justin Trudeau and Joe Biden, declare that the climate is changing and the GOVERNMENT has to do something about it.
Joe Biden and Justin Trudeau create FISCAL policies that make ENERGY more expensive, and Gold being a SCARCE resource, meaning that a government Gold Standard would make Gold a SCARCE currency, would equate to massive DEFLATION in the economy.
Now, if you’re stupid enough to vote for Joe Biden or Justin Trudeau, why wouldn’t you vote to CONFISCATE gold or currency from those “rich” MONEY SPECUALTORS who instead of spending money like the government wants are HOARDING their currency/gold?
The Far-Left evolves around confiscation of private property in the name of being “virtue” so in my opinion, the fiat system is just what the doctor ordered. Taxation is THEFT, however, if we’re to meet most people where they are now, that’s hard for most people in the world to comprehend unless they have a basic comprehension of Austrian economics.
Based on the MADNESS of the modern economy, the U.S. dollar and the Swiss Franc have the most demand, and the U.S. dollar currently has the largest and most robust financial INFRASTRUCTURE to do transactions, which is why most people around the world PREFER using the U.S. dollar to calculate their wealth.
What is FISCAL policy?
In economics and political science, fiscal policy is the use of government revenue collection and expenditure to influence a country’s economy.
In order for Private banks to remain solvent, they still have to living within their means, a private bank may have the right to print U.S. dollars, however that doesn’t mean that can do day to day operations if they’re not profitable, meaning that if a private bank can not payout in U.S. dollars said bank will become INSOLVENT, bring this to the fiscal SIDE OF THINGS, Argentina’s CENTRAL bank, often does whatever the government in power asks it to do, which is always for the Argentine Federal GOVERNMENT TO PAY ITSELF FIRST, which causes inflation because then it gives the remaining Argentine pesos to the general public once the money has been DILUTED.
Now, in practice, what this means, is that the COST to operate the Argentine government can’t paid without PRINTING MONEY because the tax collection from the Argentinian people is NOT enough to finance the government.
Now, sure under a gold standard, this SCAM, would have been exposed decades ago, but it doesn’t mean the people still wouldn’t fight for their SOCIALIST beliefs. There’s this MYTH, in which people assume that if a country is bankrupt that it will throw the government out of power, this has been proven FALSE, history has shown that when a country is broke the voting public will USUALLY double down on their tyrannical beliefs.
What made Javier Milei different is because he was a radio talk show host, this is why FREEDOM OF SPEECH is so important to the SURVIVAL of humanity. So of course, when Javier Milei began TEACHING the Argentine public about free market capitalism, most people rejected calling him a radical, but Javier Milei continue to MAKE common sense PREDICTIONS that ending up becoming fact.
So, this led to more people actually listening Javier Milei and this grew into a political movement because in case people forget, politics, is NOT the answer to EDUCATION. As I like to point out politicians are nothing more than GLORIFIED salespeople, once you comprehend Austrian economics, the ignorance of politicians get easily exposed, however, if you have NO comprehension of Austrian economics, you will likely become a victim of believing in economic falsehoods.
Capitalism is all about keeping score, and if the general public is economically stupid, you have to speak to them in a way they can understand, and eventually, they’ll wake up.
A gold Standard can only work if Austrian economics becomes COMMON KNOWLEDGE. Furthermore, as I’ve called for are secession movements, or at the very least more democracies that resemble the Swiss democratic system, in that, the power the FEDERAL government has is minuscule, because Federal politicians are usually the problem CREATORS.
Even though Javier Milei won the election, it’s still unclear how successful he’ll be, because there are lot of people in Argentina, who are 100% reliant on the government to survive, a MARKET economy is HONEST, meaning that if you’re business or personal ideas abut how you think things should be do not work in practice, you’ll quickly be exposed and potentially find yourself in financial hardships.
Free market capitalism actually revolves around INNOVATION, which PRESERVES capital, because the private sector makes things CHEAPER, than the government can ever dream of, however, if you as an individual are INEFFECIENT with capital, you will quickly find yourself in the BANKRUPTCY courts.
This in case you’re wondering is why a lot of INCOMPOTENT people run to the government to solve problems they’re capable of fixing themselves, because the marketplace requires are certain level of intelligence. With that said, the marketplace, caters to the dumbest and smartest members of society, because let’s for example imagine that there are NO government PRICE CONTROLS, well, then wages and consumer prices can adjust to the DEMANDS of the market place.
So in practice, this doesn’t necessarily require a GOLD STANDARD, it requires an intelligence standard, comprehending that the government will NOT make the situation better by intervening in the economy, the government will make the situation WORSE.
So as Austerity measures occur in Argentina, Javier Milei, will find himself in tireless battles from individuals who want cradle to grave welfare. This is where Javier Milei would be wise to look to Luis Fortuño, who instead of wasting his time arguing with his opposition, instead focused on SLICING the size of government.
What I think Javier Milei should do that Luis Fortuño did not do is continue to explain his positions, not to his opposition, but to his VOTERS. Because what Javier Milei needs are more converts, who can also spread the word.
Obviously Javier Milei and Argentina got my full attention and they will be a country I will be monitoring in the days, months and years to come
Interesting times ahead