Thanks to Javier Milei and their economy minister Luis Caputo.

In 2023 Argentina reached a 211% inflation rate caused by uncontrolled money impression made by economy minister and "de facto" president of the last peronist goverment Segio Massa (Who is a lawyer, not a economist). When they let the goverment, leave a 25% montly inflation rate in december 2023, a hiperinflation was in the horizon.

Milei and their cabinet, they avoided a hiperinflation prioitizing the fiscal balance in public accounts ending with the money impression and debts, also reducing the state presence in different sides of society.

Up vote if you want more mods than 1 for a 40k person channel

https://preview.redd.it/jzsx5d75mh0e1.png?width=480&format=png&auto=webp&s=5de3b3766e05c2962a50ba145d50aeda83aeb915

I like trains!

Due to the austerity policies of Milei. Is he cutting off his nose to spite his face. Are there long term economic repercussions for cutting science and education that are worse than the problems austerity is supposed to cure. We know that education is one of the best investments a country can make. Is cutting science education a bad business decision?

So, the topic. What was/is your experience? How did you get into Austrian economics?

I got a degree in computer science 10 years ago in St.Petersburg, Russia. Spent two semesters studying macro and microeconomics. The course didn’t mentioned any particular school of thought, but mostly it was just basics of monetarism, Marxism and a bit of Keynes. Ideas of Austrian, historical or other schools of economics were not mentioned at all. I only knew about it because of my personal interest in social science and the debates surrounding it.

Even with the mentioned mix, each specific topic was presented very narrowly. Economic cycles were explained only through basic bank rates, production output was viewed through classic production functions of labor and capital, etc. So naturally, the students were very biased towards these ideas. However, since it was not close to the core computer science course, I can't say that any of my former classmates remember the content of these lessons.

Hello, I’ve been interested in the Austrian school for a while now. I understand that it opposes most forms of government intervention in the economy, but I do have a question about the policies of Europe and America post-Great Recession.

My understanding is that after the Great Recession, a lot of European countries underwent serious austerity measures to react to the crisis, while America mostly enacted expansionary policies to counteract the downturn. It is also my understanding that, comparing the two, the United States has don’t significantly better than Europe economically in the years since the policies were enacted.

I’m just wondering if perhaps it’s due to other factors or maybe that conception about who did better is completely wrong. Any response is greatly appreciated.

Would you support tariffs between US states? Would you support tariffs between counties?

The sub is becoming another left leaning sub with the exact same tropes as the entirety of reddit. Im all for people who want to learn about AE, who want to debate the finer points of AE and obviously those who know and like it.

But about 50% of users are just generic left leaning comments that seek to trash AE without engaging in any substantive debate. For any post there is bunch of "yeah fuck the poor", "the capitalists are going to destroy all that is holy", "Another BIG brain idea from r/austrian_economics" all of the from a random milei post.

This users should just get a permaban. We should aim to have a space to discuss AE. Not the same BS you can discuss o r/pics

Edit: to those saying banning low quality troll comments will create an echo chamber. It wont.

1. Industrial policy with incentives via the tax code? Assume mix of tax credits, write-downs, favorable depreciation, etc. Examples - broad tax incentives for production of raw materials or intermediate material in the supply chain, and narrower tax incentives for consumption of certain groups of products, etc.

2. Tariffs? Assume mix of broad based (e.g. everything from Mexico gets a tariff) and targeted (e.g. garments from Thailand or solar panels from China get tariffs).

3. Nothing? - The market will figure it all out. Assume current levels of controls on market consolidation, supply chain brittleness, foreign market manipulation, current state of WTO and other governing bodies around subsidies, etc.

Bro just avoids the question and says I don't get econ for asking about a business plan

Someone arguing that there is no planning what so ever in a free market as having a plan to manage your business might not be free market?

Cross posted from a sub talking about the failures of socialized EMS, so I decided to ask how the free market will solve this and where white papers are regarding business plans.

Here is a textbook that talks about making such a plan. It goes into detail for defining what your business does, estimates on costs (who your suppliers might be, IT support, equipment, etc). Growth projects.

So where can one read about proposals that one might pitch to an investor?

People in this sub say AE does not get taken seriously and there are too many memes and not enough real discussions,

Really does seem AE is maga brain dead

Not 1 time was Kamala's economic plan was brought up in this subreddit only Orange man policies... What would you rather have 1.7 trillion dollar package or Tariffs.

In the Austrian view how do we improve wealth inequality in America?

I know absolutely nothing about economics I’m just looking to learn. Also this isn’t related to economics but why do yall think Trump is so obsessed with tariffs?

Seems to be the goal... Currency devaluation. Or maybe we're getting ready for something like the '81 Voelcker shock?

Either way, crash the economy then the rich (who are sitting on piles of cash) can buy up the rest of the US at fire sale prices

Traditionally, Austrian Economists and real economists hate tariffs.

But for obvious reasons, many modern Austrian Economics fans are gagging to pay higher tariffs.

How high would you like Trump to set tariffs?

A) Zero as Mises intended

B) 100%, Mr Trump is just using them to threaten American companies to onshore jobs or something, he'd never really do it would he?

C) 200%, please Daddy Trump, give it to me harder, something about national security and the perfidious Chinese, what would Walmart know anyway

And does everyone here understand who pays the tariffs?

• Trump has promised to replace revenue lost from income taxes by tariffs