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Javier Milei fantasizes about barreling through the streets of Buenos Aires in a Cybertruck, painted black and emblazoned with a golden lion. Or maybe an Italian car....
Argentina's Monetary Policy Reveals Germany's Loss of Control
Submitted by Thomas Kolbe
Javier Milei is a politician who was trained along the lines of the Austrian School of Economics. For him, the maxim coined by Ludwig von Mises applies: inflation is always and everywhere a monetary phenomenon.
In other words: artificial expansion of the money supply leads to price increases – in different ways. Newly created, unbacked credit, as it is inherent in the fiat money system, can initially manifest itself in asset prices depending on the structure of an economy, for example in a rising gold price. Once this credit becomes effective on the demand side, it can lead to broad-based increases in the prices of goods – and that is when consumers feel it in their wallets. At this point, monetary policy in the fiat system becomes unpleasant for consumers.
We experienced this phenomenon in extenso during the Covid lockdowns. At the time, governments delighted their citizens with so-called “Stimmy C...
US shale pioneer Continental Resources Inc. and Colombia's Geopark Ltd. were among bidders for Argentina's largest offering of exploration licenses in more than a decade in the country's booming oil fields....
Argentina beat England 2-1 to reach the July 19 World Cup final, then overshadowed the result by unfurling a banner reading "Las Malvinas son Argentinas" on the Mercedes-Benz Stadium turf, in direct defiance of a ban....
Südamerika wird für die deutschen und europäischen Automobilhersteller ein immer wichtigerer Absatzmarkt. Umso verärgerter ist die Branche über die Freihandel-Störsignale aus Brüssel. Denn während sich die EU selbst lähmt, forciert China seine Ambitionen in der Mercosur-Region....
Chinese carmaker BYD has shipped approximately 7,000 electric and hybrid vehicles to Argentina aboard its dedicated transport vessel, marking the largest single-brand automotive delivery in the country's history....
Ein Industriezweig in Argentinien zittert wegen des EU-Mercosur-Abkommens: die Autozulieferer. Sie befürchten eine massive Konkurrenz aus Europa. Die könnte viele Arbeitsplätze kosten. Von Oliver Neuroth....
Fracking magnate Harold Hamm's Continental Resources Inc. is entering Argentina's burgeoning shale patch, according to the South America nation's economy minister....
In Berlin tagen die Spitzen der Koalition. Bei Volkswagen setzt man in Zukunft auf die heimelige Vergangenheit. Und in Argentinien braucht man starke Nerven. Das ist die Lage am Mittwochmorgen....