 What does seem to be driving to a large degree the Milet phenomenon is this extreme inflationary situation that Argentina is facing. You mentioned the top Eduardo triple digit inflation. This is an article I pulled up from Daniel Reisbeck at Kato Institute arguing that Argentina should dollarize pronto. And that's also central to Milet's platform that basically shut down the central bank, convert to dollars, allow people to use cryptocurrency more easily. And down at the bottom of this, you'll see that everyone across the board seems to rank inflation as the country's worst problem. 59% among the leftist coalition, 67% among the center right opposition, I assume much, much higher among the libertarians. I have one last clip that I'm going to play to kick off this discussion about central banking and Milet's plan to dollarize the economy where Milet is laying it all out. So let's listen to what he has to say. And then Eduardo, I'd like to have you react to the plan that he's put forward. Yes, it's a mechanism by which politicians are dealing with good people with inflationary taxes. Bitcoin, what it represents, is the return of money to its original creator, which is the private sector. And then in 1445, let's say in the first Genoa congress, the states appropriated to have the exclusivity to be able to submit. That's the key. Why? Because the forced course is what allows politicians to steal from inflationary taxes. Bitcoin has an algorithm and one day it will reach a certain quantity, there is no more. And it can compete with other currencies, in fact it competes against Ethereum, it competes against others. And what is the interesting thing? What is the return of the private sector? But what is the problem? The problem is that the states won't want to give you more than the forced course, because the forced course staves you with inflationary taxes. So Bitcoin is the natural reaction in front of the stave, which is the central banks, and that the money will return to be private. And the other side is that the political thieves will not allow you to go against the forced course. What happens when you have that economy with high inflation and the problem of the staff is more clear? Then you can even argue, as I said, directly from the central bank. So first of all, I'll just say that he demonstrates a better understanding, more competent understanding of Bitcoin than just about any politician that I've heard talk about it. With the issue of the central bank, that's really the kind of first order of business for him would be to shut down the central bank and dollarize the economy, just in case our listeners are not clear on what that means. It means that US dollars would be the accepted currency in Argentina. It's something that's been done in other countries, Panama, El Salvador, I believe Ecuador. So what do you think about that aspect of Millet's plan? First of all, I would say that central bank was created in 1935 with the idea of lender of last resort. And what they really did, the politicians in Argentina, they have been financing the government at the expense of the middle class and the poor class in Argentina. We had an average rate of inflation of over 50% a year since 1935. We cut 13 zeros to our money and we still this year, we will have to cut another two because one dollar right now is 700 pesos. Three months ago was half of it. So the inflation rate, we are just in the process of the third or fourth hyperinflation process in Argentina. So the idea of closing the central bank is very attractive because has been used to promote government, to allow our politicians to build, I don't know, Versages, the Palais of Versages all around to buy planes and to live a very good life. What Javier is proposing is the idea of just dollarizing the economy. I think if you are going to impose another currency, I would suggest that go back to gold, like Mural Robert suggested, just in the mystery of banking, white dollar and currency that is suffering 7%, 8% of inflation per year. And also it's in the hands of some other politicians that maybe they are not so corrupted as ours, but they are always tempted to print money and you see it by the current deficits you run in the States. So I think what is important is to eliminate the course of our social, the idea of that you really need to use this money. And Milanes in favor of that. So he's in favor of 100% reserve banking, not to allow secondary, the issue of secondary money to the banks. And I think that's going to work. Of course it's going to be tough just to get out of inflation to a healthy currency, it's going to take time, it's not going to be made in one or two years. And let's see the reaction of the public. And of course it's going to be boycotted. So the situation is going to be tough, but Argentina cannot leave another year with this hyperinflationary process where 50% of the population cannot eat in a country like Ukraine, it's like Brazil. We produce food and we are very good producers of food. So it's inevitable. I think that the closing of the, you will see, I think that because of all the situations you will see Javier Mireille as our next president, let's see if he's allowed to govern. And let's see if he has the courage and he has the character to implement the good measures. And I hope that the social aspects, conservative aspects of Javier, he restricts himself to push legislation to collectivist legislation. I hope that he really leave that part aside and we can enjoy it after 80 years or 90 years of collectivism, a good government for Argentinians, we deserve it. I think that's time for us to leave a little bit of quiet and peace. Could you give us a sense of just what it's like living under those economic conditions? I mean, both the hyperinflation, you know, Americans for the first time in my lifetime experienced some inflation that we could feel year over year in recent years, but it's nothing like what's going on in Argentina and your, you know, GDP from I think 2010 to 2021, there was no growth, economic growth. So what is it like just day to day living under those conditions? When you go to a supermarket, they, they, they, instead of giving you a price, you need to scan because they are changing the prices all the time. You have 10, 20, this, this month, they say that will have the inflation rate will be 25%. So if the prices are not available, people selling items, they don't know what's going to be the cost of rebuying the item for the public. So sometimes they stop selling you and you start to see that merchandises, all the, the commerce goes down. So you see a situation where you don't have credit. I sold Terrain, I am in a country club near here in Buenos Aires and let's suppose that you sell it for 300,000. So they bring the money to you, to the, to the place that they, you have to count 300,000 bucks right there. You don't transfer through banks. You need to use cash. And of course you can be robbed. You can be. So anytime you do a transaction, the whole transaction, you don't have credit. If you want to buy a house, you need to buy the house cash. Of course that's impossible. And of course the whole commerce is resented by that. It's a chaos. The economy stops. It's like in Atlas Rack, when you see that lights went down and things shrink and people are unhappy and they, everybody works like this. And you have, you can, you cannot see a future and people are just nervous all the time. They become manga, crime starts. So we need to stop that. And also there is no certainty in prices in Argentina. Last year when I was there, if you go to any store, nothing has a fixed price. For example, if you want to buy this cup, it's all about, are you going to pay it in cash in six payments, 12 payments? Is it going to be with a check? Is it going to be with a credit card? Is it going to be without debit card? And depending on that, the cup can cost you one, two, three, $10, $20. So imagine that multiplied by everything in the economy. There's no certainty whatsoever. You cannot plan anything in that uncertainty. Yeah. And I mean, that's, it's, that sounds like just a horrific, the uncertainty, you know, day to day uncertainty is just one of the worst things for just human prosperity, human flourishing, not to not be able to know just something as basic as how much money you're going to need to spend and, you know, budget for that week. And hopefully Javier Malay's rhetoric will, if he wins, will, will match the reality and, and some sort of, you know, market mechanisms and discipline will be able to like turn this around for Argentina. I do want to wrap up by zooming out of Argentina for a moment with Gloria. This, I want to talk about this dynamic of socialism rising, causing economic destruction, paving the way for the kinds of reactions that you have expressed concern about manifesting as great wing military dictatorships, which then kind of begins the cycle over again. It seems to happen continually all over Latin America. And I assume it's a cycle you're trying to break. What do you think the key to breaking it is and how optimistic are you that it can be done? I do believe the answer is embracing individual liberties and economic liberties as one, like Anne Rand said many decades ago, conservatism and obituary. They're far right in Latin America, is mercantilist. They don't want free markets. They don't want to discuss drug cartel use to finance socialism of the 21st century. They don't want to talk about open borders. They don't want, they don't want freedoms, period. They just want to have their private property protected in ways that were very similar to the southern economy of the United States, previous to the Civil War. Let's understand that, right? And I believe that that's not the way. That's why young people go to the left wing, because the left wing has disguised themselves as feminist, LGBT, environmentalist, all these flags that of course they don't defend in reality, right? But young people are attracted to that. My country, after three right-wing governments that have been an absolute disaster, masters of corruption, from Moto Pérez Molina, Jimmy Morales, and Yamate, finally, because of three really bad right-wing governments, now we have socialists with Movimiento Semilla. And I've been saying that as Anne Rand, you know, like conservatism and obituary, guys, you know, it's going to happen to us. And people are like, no, no, the left wing is not going to govern Guatemala until now it does. So I believe that that's the only way embracing libertarian ideas. And I believe that what Javier Miller is doing in Argentina, it's a massive opportunity for libertarianism worldwide to really make a stance on what is it that we believe, right? And defending those ideas like Hayer did in Roe to serve them from the Nazis and the fascists and the communists all equally, you know, not just in one side. Hey, thanks for watching that clip from my conversation with Gloria Alvarez and Eduardo Marti about the rise of Javier Miller in Argentina. For the full conversation, click right here. For another clip from that conversation, go right here.