ECONOMICS: 108 Economists were wrong because they saw Milei’s Results through their politics as opposed to their science

Thursday, February 27, 2025

https://thedailyeconomy.org/article/how-did-108-economists-predict-mileis-results-exactly-wrong/

How Did 108 Economists Predict Milei’s Results Exactly Wrong?

  • Leading lights on the left said Milei’s free market reforms would be disastrous. Instead, they’ve been hailed as a miracle.

Jon Miltimore
February 15, 2025

*** begin quote ***

“Their understanding of how markets work and of how governments work is superficial,” writes Henderson. “I wonder if any of them, seeing the apparent success of Milei’s policies, are questioning their prior views. We can always hope.”

Indeed we can. But for now, it’s not unfair to assume from their silence that they’ve learned little from Argentina’s economic progress. 

As President Donald Trump begins his own second term as president, there’s much he can learn from Milei’s first year in office. 

This includes ignoring economists who claim that cutting government spending, regulations, and bureaucracy will result in economic devastation. And perhaps most importantly, the danger of using government printing presses to avoid making difficult budget decisions.

*** and ***

Jonathan Miltimore is Senior Editor at AIER. His writing/reporting has been the subject of articles in TIME, Wall Street Journal, CNN, Forbes, and the Star Tribune. He is a contributor at the Washington Examiner and has had bylines in Fox News, Newsweek, National Review, the Epoch Times, Real Clear Politics, the Washington Times, and other media.

Prior to joining AIER, Jon served in editorial roles at the History Channel magazine and the Foundation for Economic Education. He also served in the Bush Administration as an intern in the Department of Speechwriting. When he is not working, Jon enjoys reading, watching movies, and spending time with his wife and three children. He also coaches youth football, baseball, and wrestling.

*** end quote ***

All the little L libertarians knew that, if allowed, Milei’s free market reforms would radically change the incentive structure in that socialist economy.  Just like that, freeing people’s competitive skills and ability from the chains of a Welfare State would stun all the pessimists.  And it did.

Inflation from 300% to 2.4%. GDP of 5%. 

I guess that the people of any country would want stats like that.  Now it’s time to get the leadership that will give it to them.

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DISCOURAGING:Here’s a crime that I hope doesnt come to the USA

Thursday, November 7, 2024

https://www.cnn.com/2024/10/27/europe/criminals-atm-robberies-europe-intl/index.html

Criminals are looting millions from ATMs in Europe. Here’s why Germany is a prime target
By Sophie Tanno, CNN
Updated 5:58 AM EDT, Sun October 27, 2024

*** begin quote ***

In Germany – Europe’s largest economy – thieves have been blowing up ATMs at a rate of more than one per day in recent years. In a country where cash is still a prevalent payment method, the thefts can prove incredibly lucrative, with criminals pocketing hundreds of thousands of euros in one attack.

Europol has been cracking down on the robberies, carrying out large cross-border operations aimed at taking down the highly-organized criminal gangs behind them.

Earlier this month, authorities from Germany, France and the Netherlands arrested three members of a criminal network who have been carrying out attacks on cash machines using explosives, Europol said in a statement. 

*** and ***

A decline in ATM machines in the Netherlands and the introduction of enhanced security measures to crack down on the crime – including the installation of glue protection systems that can render bank notes worthless – has also led Dutch criminals to look further afield, according to Reuters, citing Dutch police. 

*** end quote ***

Never underestimate the inginuity of rats — either the four legged or two legged kind.  Like that meme about “making stuff idiot proof and the Universe makes smarter idiots”.  I guess we always had “highwaymen” robbing trains and stagecoaches.  At least now with ₿itcoin, there is nothing physical to steal.

—30—

 

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CORRUPTION: How do we prevent future bad behavior. Make examples!

Sunday, July 21, 2024

https://palexander.substack.com/p/dr-sanjay-gupta-lied-to-us-for-4?publication_id=579356&post_id=146423697&isFreemail=false&r=onvra&triedRedirect=true

Dr. Sanjay Gupta lied to us, for 4 years, this CNN bitch lied to us for 4 years on CNN, lying, deceiving us, and now Gupta is saying Biden must have a cognitive test? Why? Because the nation SAW it so now you can’t lie anymore? Your medical license Gupta should be stripped and you should be investigated; you knew Biden was shitting on himself yet you lied UNTIL you could not lie no more…

Dr. Paul Alexander

Jul 17, 2024

*** begin quote ***

Et Tu Dr. Sanjay Gupta? of CNN now cupping balls too? He wants a job in Trump’s administration? None for you Sanjay, you fraud, your statements killed people across COVID; now you want test of Biden? 

*** end quote ***

I hope that DJT has a list of all those that need “punishment”.  If he forgets, I hope we all can remind him.

Behavior won’t change unless there is some “negative” reinforcement.  Sorry, not vindictively, but to correct past “bad behavior” and prevent a reoccurrence.

Argh!

—30—

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ECONOMICS: I fyou need an ARM to buy, you can’t afford it

Sunday, July 7, 2024

https://www.cnn.com/2024/07/01/business/adjustable-rate-mortgages-higher-payments/index.html?ICID=ref_fark

Thousands of homeowners are about to get slammed with higher monthly payments
By Samantha Delouya, CNN
Published 4:00 AM EDT, Mon July 1, 2024

*** begin quote ***

Andrew Marquis, a loan officer in Lexington, Massachusetts, said he has recently seen a dramatic increase in ARM loan applications. Homebuyers increasingly believe that the Federal Reserve will cut interest rates in the next few years, giving these buyers time to refinance their loans before the clock on the fixed period of their ARM runs out, he said. The Fed doesn’t directly set mortgage rates, but its actions influence them. This year, the Federal Reserve has signaled that it may possibly cut its benchmark interest rate one time. 

*** end quote ***

I guess no one learned anything from the 2008 Housing bubble.

If you need an adjustable rate mortgage to afford the house, that’s a red flag that you can’t afford it.

If the max increase is more than you can afford, then you are rolling the dice.  If the professionals knew what the interest rates would be, they could make a fortune in the options market.  Instead they are selling you mortgages.

For the average Joe Six-Pack, 30 year fixed is still the best buy; unless you can afford a 15 year fixed.

Argh!

—30—

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INTERESTING: THere’s more than one unique calendar in use in the world

Wednesday, June 26, 2024

https://www.cnn.com/travel/ethiopian-unique-calendar-year/index.html?utm_placement=newsletter

The country where it’s still 2016
By Tamara Hardingham-Gill, CNN
Updated 9:18 AM EDT, Sun June 16, 2024

  • In Ethiopia, the birth year of Jesus Christ is recognized as seven or eight years later than the Gregorian, or “Western” calendar. New Year, or Enkutatash, is celebrated in September, when the Adey Abeba flower, indigenous to Ethiopia, blooms.

*** begin quote ***

On September 11, Ethiopians will celebrate the end of one year and the beginning of another.

However, when the East African country rings in its New Year in a few months, it will technically be 2017, according to the Ethiopian calendar.

So why is Ethiopia, Africa’s second most populous country, seven years and eight months “behind” much of the rest of the world? And how does that work for Ethiopians living on an increasingly interconnected planet that mostly operates in an entirely different era?

The answers lie in traditions that date back centuries – and a firm sense of national identity. 

*** end quote ***

I found this most interesting.  I’d never heard of “Ethiopian time”, but have heard of the Greek Orthodox and Muslim calendars.

I’ve blogged about suggested “new” calendars.

https://reinkefaceslife.com/2020/03/02/innovation-forget-leap-day-theres-a-serious-plan-to-replace-it-with-an-extra-week/

And even an “Indian time system”.

https://www.offthegridnews.com/how-to-2/how-did-native-americans-keep-time-without-a-watch-or-calendar/

Unfortunately, “inertia” and human stupidity will prevent any meaning fun change.

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INNOVATION: Always dress kids in bright and contrasting colors to make them safe

Saturday, June 15, 2024

https://www.cnn.com/2024/06/07/health/swimsuit-color-pool-safety-wellness/index.html?utm_placement=newsletter

The color of your child’s swimsuit can play a role in their safety at the pool, experts say
By Jacqueline Howard, CNN
Updated 9:49 AM EDT, Sun June 9, 2024

*** begin quote ***

 “People should avoid swimsuits in light blue, gray, or green as they can blend with the water and pool surroundings, making it difficult to spot a child. We recommend bright and contrasting colors such as neon yellow, orange, pink, and bright red,” Fisher added. “These colors are highly visible both underwater and on the surface.

Swimsuit colors are not talked about enough in public safety, said Wyatt Werneth, a coastal lifeguard in Florida and spokesperson for the American Lifeguard Association.

“The bright clothes are something that we’ve identified as being a game-changer. If you have the same colors of the water or the environment, you’re going to blend in,” Werneth said while patrolling Cocoa Beach. 

*** end quote ***

The article makes the point that it is NOT just the beach but for “camping” and all activities.

I like the idea of taking a picture first thing as a safety measure.

Hope it’s never needed.

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INTERESTING: Ever hear of the “Lunar Standstill”?

Wednesday, May 29, 2024

https://www.cnn.com/2024/05/21/world/stonehenge-moon-lunar-standstill-scn/index.html?ref=upstract.com

Rare lunar event may reveal Stonehenge’s link with the moon
By Katie Hunt, CNN
6 minute read
Published 1:16 PM EDT, Tue May 21, 2024

*** begin quote ***

To those gathering over the centuries at Stonehenge — the imposing prehistoric monument that has dominated Salisbury plain in southwest England for some 4,500 years — it was likely clear how the sun could have informed its design.

The central axis of the stone circle was, and still is, aligned with the sunrise at midsummer and sunset at midwinter, the stones dramatically framing the rising and setting sun when days were at their longest and shortest.

But do Stonehenge and potentially other megalithic monuments around the world also align with the moon?

The idea that Stonehenge was linked in some way to the moon gained ground in the 1960s. However, the concept hadn’t been systematically explored, said Clive Ruggles, professor emeritus of archaeoastronomy in the school of archaeology and ancient history at the University of Leicester.

This summer, archaeologists are using a little-known lunar phenomenon that happens every 18.6 years to investigate as part of their work in understanding why Stonehenge was built.

Lunar standstill

Like the sun, the moon rises in the east and set in the west. However, moonrise and moonset move from north to south and back again in the space of a month. The northern and southern extremes also change over a period of about 18 and a half years. The lunar standstill is when the northernmost and southernmost moonrise and moonset are farthest apart. 

*** end quote ***

In my old age, I’ve become more and more convinced that humanity has lost some dikw (i.e., data, information, knowledge, wisdom) along the way on the “road to progress”.  Some of what has been lost was NBD (no big deal) like beliefs in witches, “poisonous tomatoes”, and the “Divine Right of Kings”.  Some losses have been down right positive like superstitions, subsistence farming, and disease caused by spirits.  

I’ve never heard of the “Lunar Standstill” but obviously those primitive savages had.

What else did they know that we’ve lost?

We have a lot to be humble about.

—30—

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DISCOURAGING: This is some “state of the union” summary

Sunday, June 4, 2023

 

*** begin quote ***

The Left is waging a full-fledged cultural revolution against traditional America. And the Maoist results are often as absurd as they are terrifying.

*** and ***

  • Special counsel John Durham just issued his final report on wrongdoing within the FBI, CIA, and the Department of Justice.
  • IRS just conceded whistleblowers were correct
  • California is facing a crushing $32 billion deficit.
  • The NAACP just issued a “travel alert” advising blacks not to visit Florida.
  • Chicago, Baltimore, Milwaukee, Pittsburgh, Los Angeles, and Indianapolis—all outside Florida—have the highest black murder rates in the nation.
  • Black Lives Matter has just announced it lost millions of dollars in investments and ran up huge deficits
  • In New York, a threatening subway career criminal with 42 prior arrests was subdued by a bystander and died
  • In almost every American city and town, biological males, with enormous advantages in size and musculoskeletal mass, routinely win women’s sporting competitions.
  • Corporate America has joined this cultural revolution hysteria.
  • Los Angeles Dodgers reinvited the “Sisters of Perpetual Indulgence” to celebrate Pride night at Dodger Stadium.
  • Catholics and Christians had objected to the invitation  —  never dare extend its street-theater blasphemy to other religious groups such as Muslims or Hindus.
  • Anheuser-Busch has nearly destroyed its best-selling Bud Light brand
  • Disney has rebranded it films, amusement parks, and television offerings to reflect radical transgender, gay, and race advocacies.
  • A woke CNN has all but destroyed its once-global audience

*** and ***

All these implosions are not just shocking but surreal. Why are our government, corporations, and popular culture colluding in mass suicide—to the delight of our enemies like communist China?

*** end quote ***

How does the USA stop this “cultural revolution”?

Refuse to buy from “woke” companies.  Challenge the Left on their perversions.  AND, not be silent about the change.

Ultimately, the USA must dissolve like the USSR,

Culture can be change in small battles.

—30—

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GOVEROTRAGEOUS: USA needs to help Iran see the light

Friday, March 3, 2023

https://www.dailymail.co.uk/news/article-11810669/Iranian-foreign-minister-smirks-hes-grilled-womens-rights-CNN-host-Christiana-Amanpour.html

‘This is not the way to conduct an interview’: Smiling Iranian foreign minister says women in his country ‘have all the necessary required freedoms’ in combative interview with CNN’s Christiane Amanpour

  •     Iranian foreign minister smirks as he’s grilled about women’s rights to protest 
  •     Hossein Amirabdollahian repeatedly lambasted CNN host Christiana Amanpour during tense exchange
  •     It came after diplomats walked out of his human rights speech to the UN 

By Helena Kelly For Dailymail.Com
Published: 00:56 EST, 2 March 2023 | Updated: 02:12 EST, 2 March 2023

*** begin quote ***

Iran’s foreign minister could not stop smirking as he was grilled about his country’s record on women’s rights in a combative interview with CNN’s Christiane Amanpour on Wednesday.

Hossein Amirabdollahian told the host ‘this is not the way to conduct an interview’ after he insisted women in Iran had ‘all the necessary, required freedoms’ and accused Western media of fueling protests there.

It comes just two days after diplomats walked out of a speech given by the Iranian minister to the UN’s Human Rights Council in Geneva.

*** end quote ***

Sad to say, there’s not much that we can do to convince these men that they are wrong in their world view of women, women’s rights, and their role.  As a little L libertarian, I can’t solve the world’s problems.  BUT, (and there is always a BIG butt), we can “help” them understand the issues.  How about we make all their men PNG and they have to stay confined to their cesspool until they fix the issue.  And, they shouldn’t have a role in UN “Human Rights” proceedings!

—30—

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RANT: Demonstrating the perfidy of the corporate media and its “narrative”

Friday, January 21, 2022

https://republicbrief.com/how-liberal-media-kept-brianna-kupfer-story-off-their-homepages/

How Liberal media kept Brianna Kupfer story OFF their homepages
by Jeff Miller January 20, 2022
 
*** begin quote ***

Media outlets that lean to the left ignore the lengthy criminal history of Brianna Kupfer’s alleged killer in their reporting, omitting his mugshot from their homepages as well.

Several liberal media giants – including the Los Angeles Times, ABC News, CBS, and CNN – failed to include information about Shawn Laval Smith’s violent past. Also, his picture, released by police in hopes that the public could help find him, was not included on websites’ landing pages.

It was not mentioned in the LA Times’ article that Smith had prior arrests, or that he had been released on a $1,000 bond for a misdemeanor in October 2020.

*** end quote ***

This is a tragedy that should be laid directly on all the politicians and bureaucrats in the “legal system”.

Gooferment has very few useful functions.  One of which is to be the “night watchmen” and protect the safety of its citizens.  

What a joke when they let criminals use the revolving door in and out of the “justice system”.

—30—

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BIAS: CNN promotes BLM interest; it’s not news

Saturday, April 17, 2021

https://thepostmillennial.com/watch-cnn-technical-director-says-network-is-trying-to-help-blm

AMERICAN NEWS Apr 15, 2021 12:41 PM EST
BREAKING: Project Veritas busts CNN director admitting coverage of black-on-Asian hate crimes would ‘set back’ BLM movement
“A bunch of black men that have been attacking Asians,” Chester said. “I’m like ‘what are you doing?’ Like… we’re trying to like help like with the BLM.”

*** begin quote ***

CNN technical director Charles Chester was caught on camera by Project Veritas stating that CNN tailors its reporting to support the Black Lives Matter movement.

*** end quote ***

Luckily, no one watches CNN unless they are stuck in airport!

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POLITICAL: Big Gooferment is even bigger than we think?

Friday, April 20, 2012

http://www.theblaze.com/stories/report-govt-may-be-bigger-than-you-think/

Business Report: Gov’t May Be Bigger Than You Think
Posted on April 2, 2012 at 6:45pm by Becket Adams

*** begin quote ***

But the tax break isn’t counted as spending. In fact, while the check for $2,100 is classified as “federal spending,” the tax break doesn’t even show up on the federal budget. So when you hear a policymaker talk about lowering the deficit or expanding/reducing the size of government, most of them don’t factor in tax breaks.

The CNN report goes on to argue that because tax breaks get the same results as government checks (e.g. giving homeowners deductions on mortgage interest, giving tax credits to “green” energy companies, etc), they’re practically interchangeable, right?

Not quite: the government check is directly funded by taxpayers while the tax break comes at a cost to no one.

But this is not to say that tax breaks should be disregarded from the deficit discussion. As taxes generate income, and fixing the deficit is all about balancing revenue with expenditures, then tax breaks should be included.

*** end quote ***

That makes me ill.

Bigger?

Seriously. Are you kidding me!

23.7%

Argh!

# – # – # – # – #

Business Report: Gov’t May Be Bigger Than You Think
Posted on April 2, 2012 at 6:45pm by Becket Adams Becket Adams

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