Argentina welcomed the new president on December 10, pledging deep economic reforms in the country, including dissolving the central bank along with a number of other measures aimed at reducing the size of government and spending.
President Javier Gerardo Maile is also known as “El Loco” (The Crazy One), which is his nickname happened At school because of his explosive personality. During his election campaign, Miley pushed his “crazy” persona onto the stage, proposing disruptive measures on the overburdened population. Annual inflation rate 161% As of November.
His economic proposals are based on the decades of experience he has gained as an economist, from advising politicians to working in private pension funds and banks, as a professor of macroeconomics and microeconomics, where he published several papers on economic growth.
the following Established He became an economist when he was 12 when the peso exchange rate collapsed, sparking the country’s first debt crisis in the 1980s. According to local media reports, Miley noticed people fighting over groceries because of the situation. He then looked into the law of supply and demand, which states that demand for a product decreases when the price rises and increases when the price falls — a concept essential to understanding inflation.
The new president describes himself as a “pro-monarchist,” a form of libertarianism that advocates minimal statehood and free markets. But Miley was on the other side of the economic spectrum during his early career. In a recent interview with The Economist, Miley He said He was trained as a Keynesian in college – a reference to John Maynard Keynes’s economic theories about the importance of government in job creation and economic growth.
A few years later, after earning his master’s degrees, Miley found himself more in tune with neoclassical ideals and devoted to “real business cycle theory,” a major shift from traditional Keynesian views of the business cycle. Nowadays the government is viewed as a “criminal organization” and the Argentine Central Bank is held responsible for the devaluation of the peso over the past years.
“The state is a criminal organization that lives off a coercive source of income called taxes.”
What is Javier Miley’s real stance on cryptocurrencies?
Although Miley has not been officially recognized as a crypto advocate, his ideologies closely align with many of the core principles of traditional cryptocurrencies. Miley believes that “over time, technology will allow us to move towards a free society” in which contracts between individuals govern everything.
“Contracts between individuals are the basis of the market. The market is a process of social cooperation where individuals voluntarily exchange property rights,” he told The Economist.
His proposals to solve Argentina’s long-standing economic crisis do not explicitly include the use of Bitcoin (BTC) or other cryptocurrencies. However, it is in the past Hint In Bitcoin as an alternative to monetary authorities.
“We have to understand that the central bank is a scam. What Bitcoin represents is the return of money to its original creation, the private sector.
Miley promised to state Argentina’s economy, leaving the country’s monetary system still under the eyes of a central bank – but in this case, under the eyes of the US Federal Reserve.
“What I see has become popular is that Javier Miley is recognized as a candidate for Bitcoin, when in reality he is not. In fact, he has stated on some occasions that he is not a specialist in cryptocurrencies and stated that it will not be the focus of his government,” Hernan Gonzalez said, Press officer at the NGO Bitcoin Argentina for Cointelegraph.
Fernando Nikolic, an Argentinian Bitcoin advocate and founder of Bitcoin Perception, shares a similar view. According to Nikolic, while Miley has praised Bitcoin in interviews, his official platform lacks any specific Bitcoin-friendly proposal.
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