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Category Archives: Libertarian

Musician and libertarian writer who works for ‘The Blaze’ arrested on Jan. 6 charges – NBC News

Posted: March 6, 2024 at 3:55 pm

Musician and libertarian writer who works for 'The Blaze' arrested on Jan. 6 charges  NBC News

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RFK Jr. says he didn’t read Alabama IVF ruling, won’t say when life begins – The Washington Post

Posted: February 26, 2024 at 12:15 am

COSTA MESA, Calif. A week after the Alabama Supreme Court ruled that frozen embryos are people, independent presidential candidate Robert F. Kennedy Jr. would not say when he thinks life begins.

In an interview with The Washington Post, Kennedy said the Alabama decision on in vitro fertilization which has caused some IVF clinics to pause services in the state was a mistake to the extent that it limited access to the fertility procedure. He said he had not read the decision, although he later reviewed it and said he wholeheartedly rejects the ruling.

Kennedy did not say whether he would protect abortion access, arguing that while he believes women should have the right to choose, he thinks there is a limitation on what the Constitution says.

Asked what he would do to protect abortion access and reproductive rights if he were elected president, Kennedy said: I dont know, you tell me. What should I be doing?

Kennedy, who left the Democratic Party his family once led to run as an independent, has struggled to outline a clear policy plan on abortion access and reproductive rights an issue that has catapulted to the center of the 2024 election season.

At a time when Democrats have sought to galvanize their base around protecting reproductive rights, Kennedys answer reflects a difficulty he could face in appealing to his former partys voters. Meanwhile, Republicans have scrambled to find unity over the issue that drove voters to opt for Democrats in the midterms and in more recent elections.

After this story published Sunday, Kennedy further clarified his opinion on the ruling. His spokeswoman said he has read the decision since the interview, but she would not elaborate on whether he disagreed with the courts decision that embryos are people.

Most Republicans I speak to are sick of this political theater, he wrote on the social media platform X, formerly known as Twitter. Lets get back to working for the needs of the American people.

Kennedy has previously changed his stance or walked back his positions when asked about a federal abortion ban. In an interview with NBC News at the Iowa State Fair in August, Kennedy said that he believes a decision to abort a child should be up to the women during the first three months of life and that he would support an abortion ban at 15 or 21 weeks. His campaign later clarified that he misunderstood the question in the noisy space and that Kennedy does not support legislation banning abortion. In a town hall last June, he said he thinks women have a choice for the first three months of pregnancy. On Saturday, Kennedy told The Post: Every abortion ultimately is a tragedy.

Kennedy, speaking at the California Libertarian convention this weekend, also emphasized his belief in medical autonomy when asked about the Alabama decision, adding that he doesnt think the government should be making choices about medical treatments for Americans or for what people do with their bodies. He has continued to campaign on doubting the safety and efficacy of the coronavirus vaccine and on arguing against vaccinate mandates.

That message, which has not resonated with Democrats, found appeal among libertarians at the convention. Kennedy and other third-party presidential candidates spoke to the delegates gathered this weekend to try to appeal to the party, which has garnered greater ballot access.

Kennedy said he had not ruled out the possibility of running for the Libertarian Party nomination, telling The Post, Were looking at every option. Yet, few at the convention expressed any interest in him becoming the nominee.

Ahead of the party formally choosing its nominee at a national convention in May, the California Libertarian delegates voted via straw poll for their preference, largely rejecting Kennedy. Out of 95 delegates who voted, one person chose Kennedy.

Most of the delegates votes were split between the Libertarian candidates, indicating that delegates might seek a candidate who better aligns with the partys platforms.

The question of Kennedys potential nomination comes as the party has struggled with its identity and infighting in recent years, as membership has declined. Some in the party have argued that Kennedy could offer the party national recognition, but others vocally opposed what they see as a break from their principles.

The Libertarian Party is extremely fractured right now, said Christopher Thrasher, an independent ballot access consultant who has advised previous Libertarian presidential nominees and has since left the party.

Angela McArdle, the chair of the Libertarian National Committee, warned in a speech to the group Sunday that Kennedys independent candidacy might further threaten the partys efforts, because he could pull voters from their nominee.

Things have been rough over the last year in the Libertarian Party, McArdle said.

The Kennedy campaign and the PAC supporting him, American Values 2024, have spent millions of dollars on getting his name on state ballots, and the Libertarian nomination could offer him an easier and less expensive path toward ballot access. Kennedy will be on the ballot in Utah, and the campaign says it has met the requirements for New Hampshire and Hawaii.

But Kennedy, a lawyer and environmental activist who has spent decades supporting Democrats, has also acknowledged his ideological differences with the Libertarian Party. He has faced criticism here over his support of Israel and for a $15 minimum wage.

How can a supposed antiwar candidate promote that military funding and arming of the state of Israel in their genocidal campaign against the Palestine people? Libertarian presidential candidate Michael Rectenwald said to the California delegates, a line that was met with applause.

Libertarian presidential candidate Jacob Hornberger said Kennedy could be exploring renting the party for ballot access, but it doesnt make sense for Kennedy or the party to pair given their differences.

Hes a big-government, gun-grabbing, welfare-state-loving, liberal Democrat, but hell portray himself as a libertarian, Hornberger said. Hes like a chameleon changing colors.

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Argentina touts libertarian social justice to Blinken before Javier Milei visits CPAC – Washington Examiner

Posted: at 12:14 am

Argentine Foreign Minister Diana Mondino brushed off the idea that any disagreements about social justice could divide her government from President Joe Biden as Argentine President Javier Milei prepares to attend the Conservative Political Action Conference in the United States.

When we talk about social justice, its a comment that it hasnt been ingrained in Argentina whether to help someone, they take away from somebody else, Mondino said Friday during a press conference with Secretary of State Antony Blinken. Whereas to our understanding, social justice should be to give each and every one equal opportunities and the possibilities of keeping whatever they are helping produce but not taking away from somebody else.

That libertarian conception of social justice is emblematic of the free market ideology that Milei espoused throughout his presidential campaign, in which a backlash against the leftist government that presided over triple-digit inflation percentages propelled him to victory. The same ideological outlook has made him a natural partner of the U.S. in opposition to Russia and China and a celebrity on the American Right, exemplified by his invitation to join former President Donald Trump at CPAC just one day after his meeting with Blinken in Buenos Aires.

Milei watched very closely what Trump did, how Trump became president, how Trump fashioned himself and learned along the way, Lauri Tahtinen, a South America expert affiliated with the Center for Strategic and International Studies, told the Washington Examiner. This is somebody whos been inspired by elements on the American Right for many years.

That makes Mileis trip a tricky visit for Argentinian officials. Mondino, for her part, floated the possibility that Milei might be unable to meet with Trump even if they intend to do so.

I dont know whether there will be any meetings in CPAC, she said.I can say that since these are commercial flights, there might be delays and any schedules might be disrupted.

Blinken was careful not to signal any displeasure over Mileis itinerary. With regard to President Milei, look, I cant speak to his schedule and future meetings,he said. Thats of course entirely up to him. All I can speak to is the meeting that we just had, and I can tell you, following on what the foreign minister said, that it was, from my perspective, at least, an incredibly positive, productive, detailed, wide-ranging discussion.

Mileis background as an economist has contributed to his general desire to cooperate with the U.S. on a range of economic and geopolitical fronts. American free-market economist Milton Friedman, for instance, looms as one of Mileis chief intellectual influences, a philosophical formation that helps to account for Mileis decision to reject an invitation for Argentina to join BRICS, a bloc that China and Russia hope will counter the weight of Western allies.

In the long term, if other Latin American countries follow Argentinas lead in reevaluating their involvement in BRICS, where China plays a major role, it could potentially weaken the blocs regional economic influence and undermine Chinas growing influence in Latin America, Dr. Zhang Chi, in international relations expert at the University of St. Andrews, told the South China Morning Post.

Milei also announced, during a trip to Israel in early February, that he intends to move the Argentine Embassy in Israel to Jerusalem. And his government is an outspoken supporter of Ukraine against Russias aggression, as Mondino demonstrated again on Friday.

Its not just about territorial integrity, which of course is very important, Mondino said. Here we are talking about a case involving children that are not with their parents or families in Ukraine but rather in Russia right now, and its hard to identify them.

Her unprompted remark was a reference to the alleged forced deportation of Ukrainian children into Russia, which U.N. investigators and Blinken alike have assessed to be a war crime. That posture represents a major shift for Argentina, as his predecessors joined Chinas Belt and Road Initiative in 2022 and offered to make Argentina Russias gateway to Latin America just weeks before Putin launched the full-scale war in Ukraine.

We would like to see Argentina and the United States showcase their shared values, basically democracy and freedom, Mondino said. Weve had visits focusing on trying to understand what the best way is for us to work together but, above all things, to find the best way for Argentina to be able to fulfill its true goals.

Blinken noted that Argentina has the potential to play a critical role in building supply chains for critical minerals that will drive the economy of the 21st century, particularly things like lithium. The remark could bode poorly for China, which has made multi-billion-dollar investments, as an Australian think tank observed.

The United States is already the leading provider of foreign direct investment in Argentina, but we see tremendous opportunity to do more, Blinken said. Beyond the economic partnership between our countries, we value Argentinas leadership on regional and global security issues.

Despite that backdrop of policy convergence, Mileis decision to attend a political conference organized by Trumps devotees We believe he has captured the spirit of those who see the treachery of globalist elites, CPAC Chairman Matt Schlapp said last week when he announced Mileis participation could irritate the Biden administration.

It is not in Argentinas interest to alienate the U.S. leadership, the Wilson Centers Benjamin Gedan, who held Argentina-focused policy roles in the State Department and White House National Security Council during the Obama presidency, told the Buenos Aires Herald. The U.S.-Argentina relationship has enormous potential at this moment. This is no time to wade into partisan combat in the U.S.

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Mondino emphasized that Biden and Milei should be able to get along in any case.

And as regards to whether leaders are compatible or not, well, why not?I mean, everybody supports the same ideas, Mondino said. And even if they didnt, we live in a very complicated world; we all need to work [toward] common objectives. Thats whats really very important.

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Robert F. Kennedy Jr.’s Delicate Dance: Navigating Reproductive Rights and Libertarian Principles – BNN Breaking

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Robert F. Kennedy Jr.'s Delicate Dance: Navigating Reproductive Rights and Libertarian Principles  BNN Breaking

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Javier Milei and the Spanish Tradition of Liberty – Quillette

Posted: at 12:14 am

Javier Mileis popularity has had unforeseen consequences. One of these has been the creation of the Milei Explains account on X (formerly Twitter), which teaches libertarian principles by posting old, subtitled interviews with Argentinas new president. This is a welcome innovationand not least because it is making many native speakers of the current lingua franca aware of a Spanish tradition of economic liberalism that most people did not realise even existed.

This is important. As I wrote in 2020, Latin America needs to rediscover what legal scholar Leonard Liggio has called the Hispanic tradition of liberty. The expression refers to Medieval Spains long history of limited government, a tradition most powerfully ingrained in two historical institutions: the fueros and cortes.

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The Weekly Wrap: Poilievre proves hes more than a live-and-let-live libertarian – The Hub

Posted: at 12:14 am

This weeks edition of The HubsWeekly Wrap reflects on three of the past weeks biggest stories, including Pierre Poilievres support for age verification to access pornography, the Conservatives youth movement, and the American Rights continued descent into a cult of personality.

Pornography was at the centre of Canadian politics this week. Conservative leader Pierre Poilievre surprised some political observers by signaling support for legislation that would require age verification for Canadians to access online porn.

Although he didnt provide much detail about how such a law might ultimately be implemented, Poilievres endorsement in principle represents a notable divergence from the libertarian politics with which hes become associated. It reflects a more nuanced worldview than weve typically seen from him, and is an implicit recognition of Stephen Harpers axiom that Conservatives have to be more than modern liberals in a hurry.

What Harper was conveying in his influential 2003 Civitas address, and what Poilievres surprise announcement on online pornography signals, is that in todays political context it isnt sufficient for conservatives to merely confront progressivisms economic agenda. They must also be prepared to challenge the excesses of its sociocultural agenda too. As Harper put it:

On a wide range of public-policy questions, including foreign affairs and defence, criminal justice and corrections, family and childcare, and healthcare and social services, social values are increasingly the really big issues.

Canadian conservatism, in other words, must strive for a synthesis between liberal ideals of individual autonomy and freedom and traditional understandings of social norms and values. Jason Kenney, Stephen Harper, and others have referred to this intellectual and political tradition as ordered liberty.

The subject of online pornography for minors is arguably a prime one for conservatives conception of order to trump their commitment to freedom. The negative effects of ubiquitous porn in general and for young people in particular are quite overwhelming. Evidence tells us that the harms extend from individuals to social relationships and ultimately society as a whole. Theres certainly a conceptual case therefore that individual freedoms related to accessing pornographyparticularly for minorsought to be curtailed in the name of the social good.

The details of course matter. There will be an onus on Poilievre at some point to outline how the goal of age verification would be effectuated. A current Senate bill thats supposed to be taken up in the House of Commons is vague on how it should be implemented and who is ultimately responsible for overseeing it. But even if these are complex questions, theyre presumably not intractable. The British government is currently working on them as part of the coming into force of its own legislation. There are doubtless lessons to learn from its imperfect experience.

But for now, Poilievres announcement is as important for its symbolism as its substance. It signals that hes not merely a live-and-let-live libertarian. His worldview is instead more textured than his rhetoric sometimes reveals. It makes one wonder in what other instances we may see him diverge from a strict libertarian position in pursuit of the balance that Harper envisioned more than 20 years ago.

In the meantime, its worth acknowledging the key role that Hub contributor Ginny Roth has played in building a first-principles and policy-based case in favour of the position that Poilievre articulated this week. Shes been a consistent voice at The Hub for what she describes as a conservative feminism, including an August 2023 column that advanced the case for age-gating online pornography, and deserves a lot of credit for contributing to the intellectual conditions that led to Poilievres surprising announcement. Its a valuable reminder of the power of ideas in politics.

This week, the Canadian Club Toronto hosted a much-anticipated panel discussion with Millennial Conservative MPs Adam Chambers, Melissa Lantsman, and Shuvaloy Majumdar as well as prospective candidate Sabrina Maddeaux. The sold-out event was ably moderated by Hub contributor Ginny Roth.

Although its general theme was the state of Canadian Conservative politics, the conversations underlying idea was the generational change represented by the participants themselves. They personify the growing influence of Millennial Conservatives (and conservatives) in our politics. Its fitting that the event was held on the same day that Statistics Canada reported that Millennials have overtaken Baby Boomers as the countrys large demographic group.

Canadian Conservatism (and conservatism) is increasingly a microcosm of this demographic shift in the broader society. Yet, as Ive previously written, its major generational transformation has gone largely underreported by the mainstream media. The political consequences are nevertheless bound to be significant.

The Parliament of Canadas website makes it somewhat challenging to conduct an apples-to-apples comparison of the age distribution of the different parliamentary caucuses. But a cursory review of the Conservative shadow cabinet and the Trudeau governments own cabinet (as well as the caucuses overall) is suggestive that the Conservatives are on balance younger than the Liberals. Pierre Poilievre for instance is roughly eight years younger than Justin Trudeau. Chambers and Lantsman (who are both members of the Conservative shadow cabinet) are between 15 and 17 years younger than their Liberal counterparts.

These generational differences were on display at the Canadian Club event. The discussion covered a set of issues that wouldnt have necessarily animated previous gatherings of conservatives. One example: There was a unique focus on fertility rates, family formation, and the role of government policy to improve the conditions for families to flourish.

Its not that previous generations of Conservatives (and conservatives) were indifferent to these questions. But rather their attention and focus were mostly dedicated to the issues that had been part of their own formative political experiences. As a result, the centre of gravity for a lot of Conservative (and conservative) Baby Boomers was the economic stagnation and fiscal crisis of the 1980s and 1990s. They came of age litigating debates about taxes, spending, and the size of government in the economy.

While these issues still matter to Millennial Conservatives (and conservatives), theyve since been superseded by a new set of concerns that sit at the nexus of the so-called success sequence. The promise of educational returns, marriage, home ownership, and family formation has been fundamentally disrupted in the modern era and, in turn, led to a reorientation of conservative priorities.

Consider the following: a previous study by the Cardus Institute has found that more than half of Canadians in working-class jobs are now over-credentialized. Mortgage eligibility in the City of Toronto is increasingly limited to those with household incomes in the top ten percent. The average age of first-time mothers has increased to 31.6 years old. And research from last year tells us that Canadian women are having fewer children than they tell pollsters they want.

These unique challenges facing younger Canadians require a voice and, as this weeks Canadian Club event demonstrates, its Conservatives (and conservatives) who are disproportionately giving them expression. And so far theyre being rewarded for it. The Conservative Party now outperforms the Liberals with the 18-39 age demographic which makes it an outlier among centre-right parties across the Anglosphere.

It prompts the question: will the next election be the first in which Millennials assert their new generational power over our politics?

American conservatives are gathered in Washington this week for the annual Conservative Political Action Conference. CPAC, which was first launched in 1974 with a keynote speech by future President Ronald Reagan, is one of the highest-profile events on the conservative calendar. Thousands of grassroots attendees come each year to hear speeches from leading right-wing activists and politicians.

CPACs evolution over the past several years is a metaphor for broader trends in American conservatism. Its a long way from Reagans inaugural address to this years Reagan dinner speaker Vivek Ramaswamy.

I attended CPAC a few times in the early 2000s. My friends and I went to hear leading political figures like George W. Bush and Paul Ryan as well as intellectuals like Charles Krauthammer and George Will.

The conference was a bit edgy and quirky. Ron Paul regularly won the presidential straw poll, which of course was unrepresentative of his broader political support. But the overall vibe was solidly mainstream.

In the Trump years, though, CPAC has become an expression of the former presidents takeover of American conservatism. The ideas and values that used to underpin the conference (often characterized on bumper stickers or t-shirts by phrases like faith, freedom, and free enterprise) have been subordinated to accommodate Trumps ideological incoherence. A former head of the American Conservative Union, which organizes and hosts the conference, recently said that I dont recognize it anymore. It all gravitates around Donald Trump.

The list of this years speakersincluding Lara Trump, Steve Bannon, and My Pillow founder Mike Lindellreinforces his point. The conference, which used to be a platform for intra-debate among conservatives, is now carefully configured around Trumps ego and political impulses. Its become a cult of personality. The former president who headlines the program on Saturday has seemingly reshaped the movement that Reagan used to personify.

Its interesting to think about the direction of causality here. Did Trump channel or change American conservatism? If its the former, whats behind the change between the CPACs that I attended and this years conference? Is it mostly explained by a counter-radicalization to excesses on the Left or is something else going on? If its the latter, are people primarily motivated by affective polarization or have they actually changed their views to align them with Trump? However one answers these questions, theres no doubt that something has changedand Id argue its for the worse.

Late last year when I interviewed George Will for Hub Dialogues I told him that we had previously met at CPAC in 2007. He replied: thats before it went crazy.

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Why have authoritarianism and libertarianism merged? A political psychologist on ‘the vulnerability of the modern self’ – The Conversation

Posted: January 5, 2024 at 6:32 pm

Logically, authoritarianism and libertarianism are contradictory. Supporters of authoritarian leaders share a state of mind in which they take direction from an idealised figurehead and closely identify with the group which that leader represents. To be libertarian is to see the freedom of the individual as the supreme principle of politics. It is core to the economics and politics of neo-liberalism, as well as to some bohemian counter-cultures.

As a state of mind, libertarianism is superficially the opposite of authoritarianism. Identification with the leader or group is anathema and all forms of authority are regarded with suspicion. Instead the ideal is to experience oneself as a self-contained, free agent.

Yet there is a history of these two outlooks being intertwined. Consider Donald Trump, whose re-election in 2024 would be seen by many as adding to the international rise of authoritarianism.

Others might see him as insufficiently focused to be an effective authoritarian leader, but its not difficult to imagine him governing by executive order, and he has successfully sought an authoritarian relationship with his followers. He is an object of idealisation and a source of truth for the community of followers he purports to represent.

Yet at the same time, in his rhetoric and his persona of predatory freewheeler, in his wealth and indifference to others, Trump offers a hyper-realisation of a certain kind of individualistic freedom.

Trumpisms fusion of the authoritarian and the libertarian was embodied in the January 6 attack in Washington DC. The insurgents who stormed the Capitol that day passionately wanted to install Trump as an autocratic leader. He had not, after all, won a democratic election.

But these people were also conducting a carnivalesque assertion of their individual rights, as they defined them, to attack the American state. Among them were followers of the bizarre conspiracy theory QAnon, who lionised Trump as the heroic authority figure secretly leading the fightback against a child-torturing cabal of elites.

Alongside them were the Proud Boys, whose misty libertarianism is paired with a proto-authoritarian commitment to politics as violence.

Conspiracy theories are also involved in other recent examples of authoritarian-libertarian hybridity. Beliefs that COVID-19 vaccines (or lockdowns, or the virus itself) were attempts by a malevolent power to attack or control us were fuelled by a growing army of conspiracists. But they were also facilitated by libertarian ideologies which rationalise suspicion of and antipathy towards authority of all sorts and support refusals to comply with public health measures.

In the UK, some small towns and rural areas have seen an influx of people involved in a variety of pursuits arts and crafts, alternative medicine and other wellness practices, spirituality and mysticism. Research is lacking but a recent BBC investigation in the English town of Totnes showed how this can create a strong alternative ethos in which soft, hippie-ish forms of libertarianism are prominent and very hospitable to conspiracism.

One might have thought that Totnes and some other towns like it would be the last places wed find sympathy for authoritarian politics. However, the BBC investigation showed that although there may be no single dominant leader at work, new age anti-authority sentiments can morph into intolerance and hard-edged demands for retribution against the people seen as orchestrating vaccinations and lockdowns.

This is reflected in some COVID conspiracists calling for those who led the public health response to be tried at Nuremberg 2.0, a special court where they should face the death penalty.

When we remember that a virulent sense of grievance against an enemy or oppressor who must be punished is a regular feature of authoritarian culture, we start to see how the dividing lines between the libertarian mindset and the authoritarian perspective have blurred around COVID.

Read more: Conspiracy theories about the pandemic are spreading offline as well as through social media

A disturbing survey conducted earlier this year for Kings College London even found that 23% of the sample would be prepared to take to the streets in support of a deep state conspiracy theory. And of that group, 60% believed the use of violence in the name of such a movement would be justified.

A psychological approach can help us to understand the dynamics of this puzzling fusion. As Erich Fromm and others have shown, our ideological affinities are linked to unconscious structures of feeling.

At this level, authoritarianism and libertarianism are the interchangeable products of the same underlying psychological difficulty: the vulnerability of the modern self.

Authoritarian political movements offer a sense of belonging to a collective, and of being protected by its strong leader. This may be completely illusory, but it nonetheless provides a sense of safety in a world of threatening change and risk. As individuals, we are vulnerable to feeling powerless and abandoned. As a group, we are safe.

Libertarianism, in contrast, proceeds from the illusion that as individuals we are fundamentally self-sufficient. We are independent of others and dont need protection from authorities. This fantasy of freedom, like the authoritarian fantasy of the ideal leader, also generates a sense of invulnerability for those who believe in it.

Both outlooks serve to protect against the potentially overwhelming sense of being in a society on which we depend but which we feel we cannot trust. While politically divergent, they are psychologically equivalent. Both are ways for the vulnerable self to ward off existential anxieties. There is therefore a kind of belt-and-braces logic in toggling between them or even occupying both positions simultaneously.

In any specific context, authoritarianism is more likely to have the necessary focus and organisation to prevail. But its hybrid fusion with libertarianism will have broadened its support base by seducing people with anti-authority impulses.

And as things currently stand, were at risk of seeing increasing polarisation between, on one hand, this anxiety-driven, defensive form of combined politics, and on the other, efforts to preserve reality-based, non-defensive modes of political discourse.

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Argentina’s Javier Milei what are his plans and will they work? – MoneyWeek

Posted: at 6:32 pm

Argentina's annual inflation is above 140% and is expected to hit 200% within months. Four in ten people are living in poverty. The value of the peso has collapsed by more than 90% against the US dollar in the past four years, while dollar bonds trade at less than 33% of their par value. A bewildering assortment of different exchange rates as well as complex controls on capital, prices, imports and exports have crippled investment. And public debt has soared to 90% of GDP.

In an effort to prevent collapse, the outgoing Peronist government (the left-nationalist party that has dominated Argentinian politics for decades) resorted to ever more money-printing, fuelling the inflationary spiral and putting off the day of reckoning.

The country owes $44bn to the International Monetary Fund (IMF), and the central bank is effectively in $10bn of debt (once central bank swap lines and other liabilities are deducted from its reserves).

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Javier Milei is the self-styled anarcho-capitalist and former TV pundit who was sworn in as the president of Argentina on 10 December 2023, having won the November election. Milei, a trained economist who names his dogs after famous free-market thinkers, is a radical libertarian who campaigned on a platform of sweeping economic shock therapy and privatisation, pledging to take a chainsaw to government spending to tackle Argentinas triple-digit inflation and growing poverty.

Mileis most radical ideas and controversial proposals are to shut the central bank and dollarise the Argentinian economy abolishing the national currency, the peso, and adopting the US dollar in its place, with the aim of controlling inflation and encouraging fiscal discipline. Hes promised to bring forward a massive package of reforms to the legislature.

However, Mileis Libertad Avanza (Freedom Advances) coalition is only the third-largest group in the lower house of Congress, meaning he could well struggle to get his programme through.

Hes expected to announce a drastic fiscal tightening; the removal of foreign-exchange restrictions (probably resulting in another big fall in the peso, helping competitiveness but ramping up the public debt burden); and the privatisation of state-owned enterprises.

But theres a big question mark over his core proposal of dollarisation, says The Economist. Yes, eight other countries use the US dollar as legal tender. But to do this in an orderly manner requires elaborate preparation and a large float of dollars with which to back the banking system. On both counts Argentina fails. Dollarising without sufficient dollars is like saying you want the entire population to wear Nike trainers, even though you dont make them and you dont have the resources to buy them, former IMF official Alejandro Werner told Bloomberg. Its also a big risk abandoning a national currency leaves policymakers few levers to deal with external shocks (making an internal devaluation, and a popular backlash, more likely).

Its proponents argue that the experience of other Latin American countries shows that it can work. El Salvador, Ecuador and Panama (admittedly all much smaller economies than Argentina) have all dollarised and have lower inflation and higher growth. Dollarisation would not be a panacea. But it would control high inflation and make Argentina much more attractive to investors craving stability, says Ben Ramanauskas on CapX.

And while its true that the central bank is short on dollars, the people of Argentina are not. They hold an estimated $246bn of US currency either in foreign bank accounts or stashed away somewhere safe. Getting them to deposit that money in domestic accounts would be a tough sell, but formal dollarisation would be a powerful signal that their money is safe in Argentina. However, its not yet clear whether Milei will follow through on his pledge, and there are signs of a more moderate approach.

Hes already started to tack to the centre. Media reports suggest that Demian Reidel, a veteran investment banker who worked at the central bank under Mauricio Macri, will be appointed as Mileis central bank chief in place of Emilio Ocampo, the economist behind Mileis dollarisation plan. Another Macri ally, Luis Caputo, is running Mileis economic transition team and is expected to become economy minister. Meanwhile, Milei has toned down his rhetoric and flew to Washington DC for two days of talks with White House officials, the US Treasury and the IMF.

Encouragingly, Milei does seem keen to win friends and influence people. Hell need to. Meanwhile, financial markets gave a warm welcome to Mileis election with bonds and stocks both posting strong gains on expectations that he will be heavily reliant on the support of mainstream conservatives.

Its unlikely to be a smooth ride. Macri was the sole non-Peronist president to complete a term in office (2015-2019) since the restoration of democracy in 1983, and the disturbing links of some in Mileis camp to Argentinas past dictatorship are likely to inflame tensions in an already fractious nation.

Drastic fiscal tightening of the kind Milei seeks will be much less popular among Argentine voters than it is in the bond market, notes William Jackson of Capital Economics. And Argentinas short electoral cycle means that Milei must very quickly build a national consensus, or risk a massive popular backlash as the short-term effects of his policies begin to bite. So far, Mileis lack of experience and volatile character do not suggest that he can manage this, says The Economist. If the economic situation implodes, social unrest may well follow. Yet if Argentina has become an economic casino, Mr Milei is the last roll of the dice.

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Argentina's Javier Milei what are his plans and will they work? - MoneyWeek

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Tucker Carlson Issues Scathing Indictment of ‘Libertarian Economics’ – Reason

Posted: December 20, 2023 at 10:23 pm

"Does this economic system produce a lot of Dollar Stores?"On Glenn Greenwald'sSystem Update Rumble show, former Fox News star Tucker Carlson issued a scathing indictment of what he calls "libertarian economics" over the weekend.

"Libertarian economics was a scam perpetrated by the beneficiaries of the economic system that they were defending," Carlson told Greenwald.

"So they created this whole intellectual framework to justify the private equity culture that's hollowed out the country," said Carlson. "A smarter way to assess an economic system is by its results."

"I think you need to ask: 'Does this economic system produce a lot of Dollar Stores?'" said Carlson. "And if it does, it's not a system that you want, because it degrades people and it makes their lives worse and it increases exponentially the amount of ugliness in your society. And anything that increases ugliness is evil.So if it's such a good system, why do we have all these Dollar Stores?"

Carlson is indicting not just cheaply, readily available consumer goods, but also something deeper, he claimed.

"And the Dollar Store itself is a sort of symbolfor your total lack of control over where you live, and over the imposition of aggressively in-your-face ugly structures that send one message to you, which is, 'You mean nothing. You are a consumer, not a human being or a citizen.'"

On so many counts, Carlson is wrong. Life in the U.S. has gotten better since 1969, when he was born, in clear and measurable wayslife expectancy, child mortality rates, average income per person, liberal democratic scores of countries around the world, and much more. The "lack of control over where you live" is a total fablethough housing supply crunch is real (and government-created). If he's describing a sense that something is wrong within the American spirit, he should come right out and say so, but I'd expect the causes of these maladiesdeaths of despair trending upward, for example, or American males falling behind their female counterparts on educational achievementare deeper than "cheaply available consumer goods have proliferated."

Accidental hostage killing: On Friday, the Israel Defense Forces (IDF) admitted to accidentally killing three Israeli hostages who had been taken by Hamas.

Three menYotam Haim and Alon Shamriz, both of Kibbutz Kfar Aza, and Samer Talalka, of Kibbutz Nir Am"had emerged shirtless from a building and were carrying a makeshift white flag," in Shejaiye, an area of Gaza City where Israel and Hamas forces had been fighting, perThe New York Times.They had reportedly taken off their shirts to make clear that they were unarmed and not wearing any explosives and were approaching IDF soldiers, speaking in Hebrew.

The Israeli military said in a statement that its "soldiers were on high alert for attempts by Hamas to ambush Israeli forces, possibly in civilian clothes, as they patrolled the area," per aTimes account.

Herzi Halevi, the Israeli military's chief of staff, said that IDF policy is to arrest people who lay down their weapons, not shoot, and that so far more than a thousand people have been taken into military custody this way. "It is forbidden to shoot at those who raise a white flag and seek to surrender," said Halevi. Nonetheless, Israeli soldiers made a profound mistake, which is being criticized by both Israelis and the rest of the world.

Scenes from New York:New York City recently passed a law banning size and height discrimination when hiring dancers, which follows in the footsteps of similar legislation passed by San Francisco and Washington, D.C.

"The law includes an exemption for when height or weight may interfere with the essential requirements of a job," reported The New York Times. "But what are 'essential requirements' in the highly subjective world of dance?"

To put an even more cynical gloss on it: It seems highly unlikely that the government meddling in this way will make a difference, even sidestepping the question of whether this is an appropriate thing for policy makers to be spending time on.

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Tucker Carlson Issues Scathing Indictment of 'Libertarian Economics' - Reason

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Tucker Carlson: "Libertarian Economics Was A Scam Perpetrated By The Beneficiaries Of The Economic System" – RealClearPolitics

Posted: at 10:23 pm

Tucker Carlson: "Libertarian Economics Was A Scam Perpetrated By The Beneficiaries Of The Economic System"  RealClearPolitics

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Tucker Carlson: "Libertarian Economics Was A Scam Perpetrated By The Beneficiaries Of The Economic System" - RealClearPolitics

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