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Argentina's Milei: Ending the Debt State By Holding Politicians Personally Accountable For Fiscal Excess
Argentina's Milei: Ending the Debt State By Holding Politicians Personally Accountable For Fiscal Excess
Submitted by Thomas Kolbe
Only contrast reveals one's own mistakes. Javier Milei is the antithesis of Germany's political class, and the comparison could hardly be starker.
While Germany continues to expand the state, Argentina is slashing subsidies and radically reducing the size of its public bureaucracy. While Berlin piles up enormous amounts of public debt, Buenos Aires is posting a primary budget surplus. Friedrich Merz believes in the healing powers of state intervention, whereas Milei is deregulating...
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What AI Is... And Is Not
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Authored by Charles Hugh-Smith via OfTwoMinds blog,
It behooves us to be clear on what AI is and is not, as the confusion of the two is the source of both the giddy hype and the opaque risks.
Whether we admit it or not, we are collectively making an epoch-changing bet that AI is fantastic, unstoppable Progress with a capital P so large it blots out the sky. Like all bets, this bet is risky, and if it fails we will all pay the price in capital...
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