Javier Milei, economist and president of Argentina, is a complicated character whose background and views have deserved heated discussion. This article will look briefly at Milei as an Austrian economist — the question of his libertarianism was settled elsewhere. One further point before starting: This is an article about economic thought. An assessment of his policies will be touched only shortly in the closing remarks and hopefully in another article.Milei, Smith and development economicsWe shall begin, where Milei and most of the economics profession start in mainstream economic thought, with Adam Smith (1723-90). Milei celebrates Smith as the Gauss of economics, the “father” and “mother.” Milei’s praise of Smith comes from his treatment of the division of labor, which is key to Smith’s

When analyzing our present society, it is easy to overlook state intervention since its mandates vary in all shapes and sizes. However, in only a few instances is it so clear as it is in education. This is manifested prominently when people talk about it, every time trying to impose their own agenda on what should be taught and how. Education as a concept and practice is misunderstood in this regard. We shall look at its meaning, the consequences of state intervention, and a short analysis of a case study.The Spirit of EducationEducation is usually constrained to formal education in institutions (both private and public). The kind of education taught in institutions is a critical one—that means systematized, discriminated, and ordered. This is in contrast with the spontaneous education

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Ludwig von Mises visited Argentina in June 1959 by invitation of Dr. Alberto Benegas Lynch. The lectures Mises delivered at the University of Buenos Aires are reproduced in the book Economic Policy: Thoughts for Today and Tomorrow. As the title suggests, the economic knowledge transmitted by Mises was for both those days and for the future. Argentina in 1959 was in a recession, the Frondizi administration trying to cope with the terrible situation left by President Juan Domingo Peron (1946–55) and the military government that got him exiled.In his time, Peron turned the Argentinian economy into a command economy with massive price regulations, decapitalization that greatly damaged wages and infrastructure, nationalizations, inflation, foreign exchange control, and import and export

Javier Milei’s administration is generating much deserved commentary, both positive and negative. Critical discussion is vital since he is the first libertarian president, so keeping a distance between libertarianism itself and his government actions is a must if libertarians don’t want to fall with him should his government plans fail.

The seventy-fifth anniversary of Ludwig von Mises’s Human Action invites us to ponder on Mises’s scholarly achievements and how the economic mainstream has not yet caught up to his advances in economics. Like Jesus Huerta de Soto points out in his preliminary study to the Spanish version of the thirteenth edition of Human Action: few are the treatises on the side of the mainstream that even try to match what Mises does in Human Action.

The seventy-fifth anniversary of Ludwig von Mises’s Human Action invites us to ponder on Mises’s scholarly achievements and how the economic mainstream has not yet caught up to his advances in economics. Like Jesus Huerta de Soto points out in his preliminary study to the Spanish version of the thirteenth edition of Human Action: few are the treatises on the side of the mainstream that even try to match what Mises does in Human Action.Mises’s work is not only monumental but pivotal; Austrian economists post–Human Action would define themselves in terms of how they interpret Mises’s magnum opus. Regarding the mainstream and Human Action, much has been and can be said, but the key is that the great tragedy of the mainstream is that what is valuable about them is borrowed from Mises and the

Javier Milei, presiding over Argentina, the first libertarian president in history – self-proclaimed anarcho-capitalist- has warranted worldwide attention and cast light over libertarianism around the globe. Libertarianism has become more widespread since he entered the political scene. This comes with a definitely positive side and a more dangerous one. The positive side is obviously that libertarianism is more popular than before.The dangerous side is that Milei as a person and his actions have become synonymous with libertarianism to people outside the movement. It is important that libertarians keep a close eye on his government and engage in critical discussion to maintain the thin line between libertarianism itself and the apparent leaders of the movement. Thus, a regular assessment

As the recent election of Javier Milei in Argentina shows us, there still is a place in the political world for libertarian thinking. Liberty is a goal still worth pursuing.
Original Article: Reflections on the Libertarian Role in Society

With the advent of language artificial intelligence like ChatGPT that are trained on online information, one can find backing for a hypothesis regarding society. General political thought is leftist leaning since the political answers given by the app are left oriented. The victory of self-proclaimed anarchocapitalist Javier Milei in the presidential elections of Argentina seems to be showing a pushback against the progressives, but the same is not happening in the rest of the world—the fire of liberty is still weak.
The global trend of political thought and the libertarian counterrevolution in Argentina invite us to ponder what role learned libertarians should take. The purpose of this article is not to argue in favor of one or another strategy for liberty but to point out a necessary

Argentina is one of the world’s poster children for hyperinflation. Unfortunately, monetary reforms aren’t working because the authorities are not serious about having a sound currency.

Original Article: "The Argentinian Zombie Currency"

Argentina makes press headlines worldwide and tops the inflation world rankings. People are becoming desperate—living in Argentina is extremely tough—and people are beginning to immigrate to foreign countries. The Argentinian peso is, to the world and the Argentinian citizens, a relentless zombie, rejected by the people but supported by the government, which is desperate to snatch whatever money people have left in their pockets.
To develop this further, we must go first through the history of the Argentinian monetary system to better understand the current situation. Then we will move to examine this living-dead currency and analyze proposals to return to a prosperous and free society.
A Brief Summary of the Monetary History of Argentina
The earliest local government in the country that