Subnostr

Correct, he explains how it has to be an ordered process. First liquidate assets to reduce the short term debt. Then reduce expenses to balance the budget, so there is no need to issue new debt. Finally take away from future politicians the moral hazard that the central bank and the printer represents. Milei doesn't have anything against the peso per se. It's the ability of corrupt politicians to monetize the debt by making the central bank issue pesos, that's the problem that he wants to address. People miss the point.

LpLiberto 2y ago

Something I see in Libertarians very often is a sort of defeatism, conceding that nothing is ever going to change and so why have hope? Incredibly negative mindset.

I mean I used to be like that but there are reasons to have hope: #bitcoin and #nostr give me that. And it’s also useful to remember two facts:

1. Occasionally voters will shock the establishment (Brexit, Trump, Milei), which proves that we do have power, albeit collectively, and that the establishment only wins if we let it (again, collectively)

2. Politicians do what is politically expedient and wish to survive, so they will back down from a given policy if there is enough resistance. We should distinguish the power-hungry politician who simply wants to survive from the outright tyrant.

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