Its a great read.

Milei crypto J

It’s almost like all politicians are filthy liars. It’s a shame…I really wanted to believe in Milei.

Same.

Nice, thanks for sharing.

I think question really is how to transition to a more efficient State system. Milei knows very well the expenses are still way too high. Everybody knows. The States are not solvent globally. This is why bonds are being demonetized. This is precisely in my view why the UBI is the only way out of this. Gradually replace/convert something like 50% of the State to a UBI. That's honestly the only thing I think can work. It's the only way out of this mess. Because if he ends the Central Bank, they basically have to cut the government in half drastically and they'll have anarchy because **the people aren't ready for that**. He can try, people will demand for solutions like in 1929. If he channels money to a UBI directly he'll capitalize the bottom 90%, which will create more independent rational actors, like Mises envisioned. Without many independent rational actors there's no capitalism. I wrote about this at:

Why Milei's Only Solution Will Be a UBI

UBI as the Only Way Out of the State Efficiency Crisis

I'm working on writing more about the actual numbers. And what would a transitional UBI work in Argentina. i.e how much could be paid, how a DOGE like dividend could work, etc.

The problem is that he doesn't want to end the central bank because that'll lead to 1929 and he doesn't know what to do. Nobody in the mainstream knows what to do. I do think the UBI is the best solution on the table from my perspective. It's pretty obvious. Facing the choice between the system collapsing completely and losing power, he'll implement a UBI. It's the only idea that can universally work for everybody, the left and the right, etc. There's no other mathematical solution. The current system and way of seeing things is over. The UBI is the only way to maintain the current states. Otherwise they all break to pieces, in some sort of civil war, etc.

Using debt to pay debt. Every country is using this recipe . Some are more visible than others. Countries with high inflation are the red flags. Except El Salvador and Burkina Faso . Why? One adopted Bitcoin. The other leveraged gold. They paid debt with hard money. They healed their country first. And they kicked bs to the curb. Every country with a Central Bank is toast. Burnt toast.

Lots of money printing. But way less than before.