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What Did Javier Milei say to the World Economic Forum?

EconBuff Podcast #51 with Rex Pjesky.





Dr. Rex Pjesky talks with me about Javier Milei’s speech to the World Economic Forum in January of 2024. Dr. Pjesky explains the importance of the World Economic Forum. Dr. Pjesky highlights how unusual it is to have a professor of economics in a political office. We explore Milei’s use of the arguments that echo great economists of the past such as Miltion Friedman and Israel Kirzner. Dr. Pjesky lays out how Milei argues for decentralized economies and why the field of economics believes collectivism is ineffective for economic policy. Dr. Pjesky discusses the “hockey stick” of economic growth and exponential growth is tied to the industrial revolution. Finally, we explore what economists call the discovery process in markets and the importance of economic freedom to a citizenship.

 

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