Read_945 - Milei's Austrian Scam by the Numbers

"The peso scam is around a thousand times larger than the Libra scam, and its victims are the poorest, about 95% of Argentines." ~ Saifedean Ammous Javier Milei swore he'd burn down Argentina's central bank and dollarize the economy. Two and a half years later, the money supply has quadrupled, the debt has ballooned, and a quarter-trillion-dollar carry trade is hollowing out the nation. Is the self-proclaimed Rothbardian actually running one of the most inflationary presidencies in Argentine history? And what does it mean for Austrian economics when its loudest political champion looks more like just another Latin American demagogue? Check out the original article: Milei's Austrian Scam by the Numbers by Saifedean Ammous (Link: https://x.com/saifedean/status/2056436088944631996) References from the episode Safedean's previous piece on the Argentine carry trade (Link: https://saifedean.substack.com/p/anatomy-of-the-milei-ponzi) Hans-Hermann Hoppe's work, since the Mises Institute apparently parted ways with him (Link: https://hanshoppe.com/) Anything by Murray N. Rothbard if you want the real Austrian foundation (Link: https://mises.org/profile/murray-n-rothbard) The story of Cincinnatus if you've never read it, it's worth your time Host Links ⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney) ⁠Guy on X ⁠(Link: https://twitter.com/theguyswann) Guy on Instagram (Link: https://www.instagram.com/theguyswann) Guy on TikTok (Link: https://www.tiktok.com/@theguyswann) Guy on YouTube (Link: https://www.youtube.com/@theguyswann) ⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible) The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839) Check out our awesome partners! Become sovereign, hold your keys, be censorship resistant with the Bitbox hardware wallet. Get 5% off everything in the store with code GUY (Link: https://shop.bitbox.swiss/?code=GUY) Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from The Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1) “Frodo: I wish the Ring had never come to me. I wish none of this had happened. Gandalf: So do all who live to see such times, but that is not for them to decide. All we have to decide is what to do with the time that is given to us.” ~ J.R.R. Tolkien, The Lord of the Rings