libertarian excellence on display once again
@senj It still somehow never ceases to amaze me how awful libertarinism is. Like I know it is but anytime it's put into action it still surprises me.
@radicalrobit @senj I'm livid. I have family in Argentina and this is destroying them. It's awful.
@breakfastgolem @senj God that sucks
@radicalrobit @senj I was there in April when the exchange rate was 300:1 in favor of the dollar. It was bad then; I can't imagine how it is right now and how it will be for the foreseeable future.
@breakfastgolem @radicalrobit god I’m sorry, these people are fucking ghouls
@radicalrobit @senj the persistence with which people believe in it despite repeated failures sure is something.

@senj i keep seeing articles about how milei seeking public office is at odds with his ideology as an ancap.
i really don't see it that way. i think it is extremely consistent. he understands the central thrust of the neoliberal ideal,À4 that governments are a for-profit venture, and he's just following the formula. buy a distressed asset, sell off everything, borrow against it, then leave with the bag, blaming everything that goes wrong on regulation and the haters.
and it doesn't even violate the nap, because he isn't directly harming anyone, he is merely facilitating a situation which necessitates people harm each other down the line

[edited to fix a frankly boneheaded typo where i mixed up ancom and ancap]

@thegarbagebird @senj do you mean ancap? I don't think he ever said anything compatible with being an ancom.
@starsider @senj shooot shit fuck i absolutely did
@starsider @senj thank you for catching that. they are fucken, incompatible, i don't know how i fucked that up
@thegarbagebird @senj don't worry, I figured it was probably a typo
@senj I cry for Argentina. Pope Francis is from there and I hope/expect he will eventually have something critical to say about the Milei administration. He may have to stay vague to avoid alienation, or if it's not vague enough he will have to walk back his comments. Regardless, he's a high profile Argentine who will likely not be happy.
@sheiladebonis @senj Don‘t hold your breath. Milei literally called the pope a dirty communist!
@memegrinder @senj Oh man, I think that just proves he *wants* the Pope to talk about him!
@senj how do you devalue money over 100%?
@teebo @senj I'm assuming going inverse from what you expect here. Not "1 unit is now worth less than 0 units", but "1 unit of X was previously equal to 1 unit of Y, but now it takes 2 units of X to every 1 unit of Y". Or more concretely something like "a loaf of bread cost 1 unit of currency, now it costs 2". IOW 100% inflation overnight.
@teebo @senj They must be paying people to take it away. Where do I get some?
@teebo @senj
Step 1: Create an official USD to Local Currency rate that is half the market value (example USD1 = AR$10)
Step 2: Change the official rate x2 (USD1 = AR$20)
@senj What's the bear situation looking like?
@senj Bankrupting the police by protesting and refusing to pay the bills would be metal as shit.
@senj
My god it's the IEA's wet dream made flesh
@senj I'm ordering more popcorn...
@senj most ancap moment
@senj odd why people vote for some politicians

@senj

Yeah, converting to the US$ to prevent domestic deficit financing.
Of course, that does not prevent U.S. entities from creating dollars to strip Argentinian assets like lithium mines.
If only Anne Rand was still alive.

@senj This would be funny if it wasn’t for all the real humans getting completely destroyed by this:(
@senj Yep. Libertarians for you.