Greetings from Argentina, you freedom-loving Nostriches. Let's keep riffing on the Milei deregulatory megadecree, shall we? It simply can't be understated how counter-cultural these past two weeks have been. The world has become accustomed to government metastasizing. The "First World" has let government creep into every single facet of life. It's bloated, bureaucratic tentacles are everywhere. This was the case in Argentina as well up until last week. 30% of the population was suckling on the State’s teet (government employees), with huge swathes of the population collecting state checks without even working. Naturally any election was akin to convincing the turkeys to vote for Thanksgiving. Miraculously enough, despite the nonsensical gobbles from the pro-government turkeys, Milei’s election has shown that Argentinians are craving a veritable Thanksgiving feast. We’re talking the legislative version of a turkey dinner. Let the games begin. Friedrich Hayek himself would be packing his bags and moving down here. Let’s entertain the thought: Why Hayek Would Be Packing His Bags for Argentina Today: Milei's Megadecrees and The Lure of Deregulation 1. Hayek, a titan of economic thought and a staunch advocate of free-market capitalism, would have found today's Argentina a fascinating case study. Under Javier Milei's bold economic deregulation, Argentina has embarked on a journey that resonates deeply with Hayek's core principles. Hayek's advocacy for minimal government intervention and a robust, unbridled market aligns seamlessly with Milei's megadecrees, which have dramatically deregulated the Argentinian economy. 2. Milei's Megadecrees - A Hayekian Dream: Milei, a figure who has taken the global economic stage by storm, champions policies that would have been music to Hayek's ears. The megadecrees, aimed at reducing government control and fostering economic freedom, mirror Hayek's vision of a society where the market's invisible hand guides economic progress. This radical shift towards deregulation and privatisation marks a potential turning point for Argentina, making it an ideal destination for Hayekian enthusiasts. 3. The Argentine Laboratory: Argentina, once mired in economic policies antithetical to Hayek's teachings, is transforming into a laboratory for his ideas. The shift from a heavily regulated economy to one embracing free-market principles presents a unique opportunity to observe the outcomes Hayek predicted. The nation's pivot towards deregulation offers a real-time, large-scale experiment in Hayek's theories, providing invaluable insights into the practical applications of his economic philosophy. 4. The Global Implications: Hayek's hypothetical move to Argentina isn't just about Argentina. It symbolises a beacon of hope for free-market advocates worldwide. As countries grapple with economic turmoil, Argentina's bold steps under Milei could serve as a template, or at least a point of reference, for nations considering similar reforms. Hayek's presence in Argentina would have been a powerful endorsement of Milei's policies, potentially influencing economic thought and policy beyond Argentina's borders. 5. The Legacy and The Future: Hayek's theoretical relocation to Argentina is more than a mere thought experiment; it's a testament to the enduring relevance of his ideas. As Argentina navigates the choppy waters of economic reform, the ghost of Hayek looms large, reminding us of the timeless nature of his economic philosophies. Whether Argentina's journey under Milei's deregulation will vindicate Hayek's theories remains to be seen, but one thing is certain: Hayek's ideas are as pertinent today as they were in his time, and Argentina is now at the forefront of this economic adventure.

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Greetings from Argentina. Let's talk more about President Javier Milei's megadecree, shall we? Milei's recent decree to allow citizens to transact in whatever currency they choose marks a significant and peaceful shift in the nation's economic policy. This move can be seen as a testament to the principles of free-market economics, where the freedom of choice and competition are fundamental. By allowing multiple currencies to circulate and compete, President Milei is effectively enabling the most efficient and trusted forms of money to emerge naturally, based on the preferences and needs of the people. This decision not only fosters a more competitive and resilient economy but also aligns closely with libertarian economic philosophies. Murray Rothbard aptly resonates with this theme: "The free market is the name for the array of all the voluntary exchanges that take place in the world." Rothbard's emphasis on voluntary exchanges echoes Milei's approach, underscoring the belief that economic freedom is a cornerstone of a prosperous and stable society. In essence, President Milei's policy is a peaceful solution that respects individual choice and embraces the inherent wisdom of the free market. By allowing people to choose the best money for their transactions, the policy paves the way for a more dynamic and responsive economy, rooted in the principles of liberty and free enterprise. The key change for the road ahead of us in Argentina is that coercion has no place in private contracts. Once people get a taste of that freedom there's no going back.

Greetings from Argentina. President Javier Milei has repealed 138 laws passed during the dictatorships of the 80s. 82 from Ongania and 56 from Videla. Staggering, right? That's not even half of the laws that have been repealed in the past week. My head is spinning.

Greetings from Argentina. There it is. Excuse me while I go cry tears of joy. It's happening.

Greetings from Argentina. The national bankers mafia, sorry, union is now threatening a national strike in reaction to Milei's deregulation measures. This is signal. We're on the right path. Short the bankers, long Bitcoin.

Stay tuned for an English summary of Argentinian president Javier Milei's "megadecree" announced about an hour ago. Long story short, Argentina's back in business, baby. I want you all to come visit. Every single one of you crazy Nostriches is welcome. LFG

Greetings from Argentina. We're bracing for violence in the streets of Buenos Aires between degenerate communists and authorities. A poignant reminder that Bitcoin is the peaceful revolution. No need for us to selfishly destroy our neighbors' property and small businesses over myopic political talking points. Coercion has no place in Bitcoin; this is why we're separating money from the government.

Today it is anticipated that the Milei administration is about to get rid of 380,000 federal regulations in Argentina. I can't tell you how surreal this feels to see a government shrinking itself. The US can't even shrink the gov't by 1%.

Greetings from Argentina, where we're currently in the throws of bureaucratic whiplash, and I mean this in the best way possible. Buckle up for a summary of the Milei Administration's first work week of economic measures. As an Argentinian who's from the US, the home of the biggest government the world has witnessed, I can't understate how incredible it is to see a government shrink its workforce. Please stay tuned for more signal coming from boots-on-the-ground reporting. OK, without further ado: Note: I’ve just fed this through ChatGPT for translation; DYOR for clarification of some terms if need be. Adjustments and measures from the first week of the new government: There are significant cuts: Ministries reduced from 18 to 9. (-50%) Secretariats cut from 106 to 54 (-49%) Subsecretariats reduced from 182 to 140 (-23%) Official staff numbers reduced by 34% Initiated a review of state contracts. Advertising guidelines suspended for one year. State labor contracts less than a year old will not be renewed. Contracts with universities are under review. Reviewing the state's workforce (spoiler: bloated like a dead carcass). Official advertising guidelines suspended for 1 year. In 2023, 34 billion (ARS) was spent on advertising. There's no money left, certainly not for funding militant partisan media. Minimal discretionary transfers The State will not bid on new public works and cancels all approved projects that have not yet begun. Subsidies for energy and transportation reduced Adjusting the exchange rate to boost exports Elimination of the SIRAs. Reduction of drivers and the fleet of official vehicles. - sale of 2 YPF planes, enforced by the State's dominant board position (formerly used by CFK as a taxi) Removing insurance for artwork at the Quinta de Olivos. Millions of dollars wasted in insuring vanity pieces from the previous administration. Bond tender to manage commercial debt by absorbing pesos, relieving pressure on Leliqs, and setting deadlines. Lowering "pases" rates to buy time against the explosion of the "Massazo" (the hyperinflationary time bomb from the previous administration. Dilution of Leliqs (if you don't know what those are, it's akin to a state-sponsored ponzi). 100% in-person attendance mandated in the National Public Administration. If you don't work, you don't get paid. Freezing funds allocated to bloated populist social organizations. Boosting direct allocations to beneficiaries. Social organizations will bear the cost of clearing blockades. Prohibiting children and adolescents at protests. Roadblocked protests are prohibited. Environmental damage fines for burning tires at protests. In just 5 days, they've accomplished more than the previous administration did in 16 months.

The MSM equivocating Milei to conservative bozos is lazy journalism. Time for everyone to learn about Classical Liberalism and Austrian economics.

To give you an idea of the level of government bloat the Kirchner administration had cultivated over recent years in Argentina, the Casa Rosada officially has over 5,000 employees on the payroll. This past week the Milei administration instituted a 100% in-person policy for reporting (brilliant move). Only 700 people actually showed up, 14% of the total payroll the Argentinian taxpayers were financing. In fact it's gotten so bad that the government payroll has dead people still earning a monthly paycheck, with their families not saying a peep, continuing to access the funds. The parasites are being surgically removed by the Milei administration.

The myopia continues to spread in Argentina with people who have zero grasp of economics pointing the finger at Milei's austerity measures. The same crowd was sat silent on the sidelines for the past 20 years while populist measures ripped the country apart and mortgaged our future for the sake of power and fortune for those closest to the money taps. This is why we need to separate the money from the government. This is why we Bitcoin. Launching independent, free, and impartial Bitcoin classes soon in the city of Córdoba. Stay tuned for more.

People are protesting against the economic measures of austerity taken by the Milei administration. It's the economic version of complaining about the surgeon that's removing the knife from one's back while not blaming the aggressor whatsoever.

Greetings from Argentina. No hay plata.

Join me in spreading the word that we're having a candle vigil for the Banco Central here in Argentina. Chau bebe! The vibe:

"Put the federal government in charge of the Sahara Desert and in 5 years there'd be a shortage of sand." -Milton Friedman

If Argentina president-elect Javier Milei doesn't successfully eliminate the Argentinian Central Bank then his victory was for nothing. When (if) he achieves the elimination of the Central Bank I'm going to celebrate in style and officially flip bullish on our chances of digging ourselves out.

Dispatch from Argentina: The outgoing populist administration that has completely bankrupted the country with degenerate levels of spending is focusing on fucking over the incoming Milei administration. Rather than focusing on the plight of the average Argentinian, who is now earning approx. $200/month, the Central Bank of Argentina is selling a hyper-financialized product comprised of insurance against future hyperinflation. The math that these products are based upon is a a flat out lie, but there are legal bases for customers to have a claim in the future. Year-over-year inflation of the peso is now at 150%, but thanks to these horseshit products being offered by the BCRA the value of the peso has actually gained ground on USD in the past week, currently hovering around 940:1. The end game here is to create the financial version of a booby trap for the incoming administration rather than acknowledge that the insane amounts of debt spending has delved over 50% of the Argentinian people into destitute poverty. The populist bureaucrats are showing their true colors. Yet as I've previously mentioned, the Argentinian mindset is infected with socialist ideals. The poorly-educated masses feel that handouts from the government will be their saving grace, when in all reality unprecedented levels of austerity are the only way to right this ship. Regardless of how well Milei digs us out of this Socialist Fever Nightmare, 2024 will inevitably be the culmination of years of corruption, selfishness, and downright evil from the outgoing caste of bureaucrats. The key is to continue to inform people that this is the beginning of a new era of fiscal responsibility in the midst of widespread suffering. The deck is stacked against the country but we will overcome.

Argentinian president-elect Javier Milei was quoted in saying that Argentina is "infected with socialism." I was out with a girl last night talking about economic matters; upon hearing my stories of a colleague who has launched free Bitcoin education classes that are teaching Cubans how to transact in a money without intermediaries she replies with, "but that's going to ruin Cuba!" The socialist mind virus runs so deep here that people are supposedly pro-human rights want to keep Cubans suppressed so they can be visited like animals at the zoo. ...also, no, there won't be a second date.

Javier Milei has just publicly doubled down on eliminating the Central Bank (BCRA). Inject this straight into my veins.