Nueva lectura.
Nueva lectura.
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Entre las páginas de un libro me pierdo, haciendo que la imaginacion vuele y que todo desaparezca por unas horas, haciendo que la mente esté más tranquila.
La eficiencia dinámica es creatividad, coordinación, transformación constante.
Milei es lo contrario: estática, soberbia tecnocrática y un modelo mental rígido.
No entiende el proceso. No entiende la teoría.
Sólo la usa para vender espejitos de colores.
Así que cuando escuches a Milei decir “eficiencia dinámica”, recordá:
No está hablando como un economista austríaco.
Está leyendo diálogos sueltos, sin contexto, para justificar un proyecto político que nada tiene que ver con el proceso empresarial que Huerta de Soto explica.
La eficiencia dinámica exige mercados libres, conducta moral y ausencia de ingeniería política. La cita Milei para parecer “austríaco”, pero todo lo que hace es chamanismo económico adornado con palabras que no comprende.
Huerta de Soto incluso vincula la eficiencia dinámica con ética y moral: sin respeto a la propiedad, sin reglas claras y sin libertad real, la creatividad empresarial se destruye.
Justo lo que Milei sabotea cuando mezcla libertarianismo con culto a la personalidad y decretazos.
El eje es claro:
➡️ La función empresarial es creativa, no pasiva.
➡️ La eficiencia depende del proceso, no del resultado.
➡️ El mercado coordina porque corrige errores, no porque un político “cree saber” cómo funciona.
Difícil para Milei, que vive enamorado del modelo estático que critica.
Mientras la eficiencia estática sólo mira “óptimos”, Huerta de Soto muestra que lo relevante es la capacidad empresarial para coordinar y crear información nueva. La eficiencia surge del mercado en movimiento, no de un tecnócrata con delirio de grandeza… o de motosierra.
La eficiencia dinámica parte de algo simple:
La economía no es un equilibrio matemático, sino un proceso vivo donde emprendedores descubren, corrigen y coordinan. Es creatividad, error, ajuste, innovación. Es tiempo real. No un Excel.
La “eficiencia dinámica” de Huerta de Soto no es una frase bonita para vender humo. Es una crítica directa al concepto estático de eficiencia paretiana, ese que supone un mundo congelado donde nada cambia y nadie emprende. Milei lo cita… pero jamás lo entendió
Many who worship Milei today learned nothing about libertarianism.
Libertarianism isn’t about idolizing politicians—it’s about questioning every form of imposed authority.
Hoppe didn’t betray the ideas; he kept them pure.
His detractors rarely read him.
And those who did, understood nothing.
They reduce his work to memes or out-of-context quotes, because facing his intellectual rigor demands more than “feeling free”—it demands thinking.
Hans-Hermann Hoppe is one of the few libertarian thinkers who never traded logical consistency for political opportunism.
While most chase power, Hoppe keeps defending principles.
That’s why they attack him—because truth is always more disturbing than comfortable lies.
Markets don’t need swaps — they need monetary freedom.
As long as the Central Bank exists, Argentina will remain trapped in inflation, deficit, and endless debt.
The only real solution is to end the privilege of money creation.
From an Austrian perspective, this is another stage in the artificial credit expansion cycle:
more liquidity, more distortion, more dependence on the State.
No economy heals by borrowing to defend a fake exchange rate.
The government knew it had already activated the swap long before this announcement.
They just didn’t tell you.
Now they “confirm” it once the damage is done and the narrative is set.
This isn’t stabilization — it’s postponement.
No wealth is created, only liabilities replaced.
Debt doesn’t vanish; it just changes hands.
And every time the State intervenes, taxpayers foot the bill.
Market estimates say the BCRA used US$ 2.7 billion from the swap to repay the U.S., intervene in the FX market before the elections, and pay IMF dues.
In short: new debt to pay old debt and manipulate the exchange rate.
The U.S. Treasury confirmed the activated tranche was US$ 20 billion, saying “the U.S. already made a profit.”
Of course — lending to an insolvent, inflation-driven State always pays well.
A currency swap is not an alliance, it’s a loan between central banks.
Argentina receives dollars in exchange for pesos, under interest and collateral.
That means it must be paid back later.
Scott Bessent confirmed that Argentina’s Central Bank already used part of the swap with the U.S.
In plain words: the government borrowed again to cover its monetary and fiscal hole.
The “swap” isn’t free money — it’s hidden debt.
Homework 3️⃣: What Has Government Done to Our Money – Rothbard.
Short, clear, and devastating.
If after that you still believe in deficit-driven growth, it’s not ignorance — it’s faith in the State. 🙃
Homework 2️⃣: Prices and Production – F.A. Hayek.
You’ll learn how business cycles arise from artificial credit expansion.
That “countercyclical policy” you love always ends in crisis. 💥
Homework 1️⃣: Human Action – Ludwig von Mises.
Read the chapter on money and credit.
You’ll see why printing doesn’t create prosperity — just distortion and poverty dressed as “inclusion.” 🧠
Want to learn real growth?
Read Menger, Hayek, Mises, Rothbard, or Huerta de Soto.
That’s real monetary theory — explaining how markets coordinate and the State destroys. 📚
Perpetual deficit destroys savings, depresses investment, and punishes producers.
There’s no “growth with deficit,” only stagnation with narrative.
No “monetary sovereignty,” only inflationary plunder. 🚨
MMT is even worse. It thinks the State can print endlessly if there’s idle capacity.
But inflation isn’t just excess demand — it’s loss of trust in the currency.
And trust, Julia, can’t be printed. 🖨️💣
Keynes said “in the long run we’re all dead.”
Well, you killed the long run already. ⚰️
Keynesianism is the religion of eternal spending, where failure is always the market’s fault.