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

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“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.

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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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GOVEROTRAGEOUS: The Gooferment is the judge, jury, and executioner when it misbehaves

Sunday, November 5, 2023

https://freerepublic.com/focus/f-news/4192662/posts

https://www.washingtonexaminer.com/restoring-america/fairness-justice/a-texas-farmers-fight-for-justice-could-have-major-implications-for-property-rights

A Texas farmer’s fight for justice could have major implications for property rights
By Jon Miltimore  — October 26, 2023 09:44 AM

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In the 1930s, Richie DeVillier’s grandfather purchased a farm in Winnie, a little town in eastern Texas named after a railroad contractor who prospered.

For nearly a century, the DeVillier family raised cattle and grew crops on the 900-acre property without incident — until the Texas Department of Transportation started a highway project that had serious implications for DeVillier’s land.

In the early 2000s, the state renovated Interstate 10, elevating and broadening the highway and erecting concrete barriers. The construction trapped the DeVillier property, turning his farm into a lake whenever the region experienced heavy rains, as it did in 2017 during Hurricane Harvey.

“The water started to rise on August 28,” DeVillier recalled . “Our home was completely flooded by August 29.”

When DeVillier says his “home,” he’s not talking about just his house. Video footage shows his entire farm submerged, with cows standing chest-deep in water; fields where the family once grew rice and olives can be seen totally flooded.

*** and ***

In November, the United States Court of Appeals for the Fifth Circuit punted on the matter, arguing that federal courts have no jurisdiction in takings cases against states. (A “taking” isn’t necessarily seizing the property; an action that substantially alters a property is legally defined as a taking in tort law.)

The court didn’t rule against DeVillier. It simply said that Congress never passed a law allowing Americans to sue states for taking their property, so the Fifth Amendment’s property protections do not apply to DeVillier or anyone else.

The court’s reasoning is strange. Not only does the Constitution explicitly state that no person shall be “deprived of life, liberty, or property, without due process of law … [or] without just compensation,” but the high court weighed in on this issue as recently as 2019.

*** and ***

“If there is one basic principle in property law, it’s the Pottery Barn Rule: You break it, you buy it,” said Robert McNamara, an attorney for the Institute for Justice who is representing the family. “The Fifth Circuit’s decision in this case amounts to ‘you pay if you feel like it.’”

*** and ***

That the government, which was created to secure these rights, has become the single greatest transgressor of human rights is a sad irony, one that was not lost on the 19th-century economist Frederic Bastiat, who described it as a “perversion.”

Few know this better than Richie DeVillier, whom the state of Texas is trying to stiff after destroying his farm.

Fortunately, the Supreme Court has a chance to make amends. If it does, it will not just be a win for DeVillier. It will be a win for justice.

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I like that summation  — the Pottery Barn Rule.  In this case, the Gooferment “robbed this family blind”!

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