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/liberty/ - Liberty

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WARNING! Free Speech Zone - all local trashcans will be targeted for destruction by Antifa.

File: e2858f02fb22375⋯.png (594.94 KB, 900x506, 450:253, ClipboardImage.png)

 No.91747

Venezuela has officially launched its oil-backed cryptocurrency

>Venezuela has officially launched what its President Nicolas Maduro claims is a first state-backed oil-backed cryptocurrency, El Petro.

>Over the past months, Maduro has been touting a new plan for economic recovery, which includes a new policy on gasoline pricing that would raise Venezuela’s ultra-cheap gas prices for the first time in two decades. The plan to ease the severe economic crisis also featured a devaluation of the currency and pegging the new bolivars to the Petro.

>Maduro claims that the Petro is strengthening his recently announced economic overhaul plan and will “revolutionize” the global crypto economy with a new form of trade, finance, and monetary exchange.

https://www.rt.com/business/440565-venezuela-oil-currency-petro/

 No.91784

>>91747

Venezuela has less economic freedom than Cuba last I checked. Suffice it to say that I will not hold my breath for le crypto meme.


 No.91793

>>91784

Whatever government gets its hands on turns to shit.


 No.91803

>>91784

but Venezuela's economy is largely privatized.


 No.91804

>>91803

That's right, Venezuela is a hyper-capitalistic free market. There's almost no taxes, regulations, etc. to speak of. The government might as well not exist. The Maduro administration is just a bunch of spics larping in suits.


 No.91807


 No.91808

>>91803

"Do I own this car?"

"No."

"Can I have exclusive use of this car?"

"Fuck it, they do not pay me enough to care."

V.

"Can I drive this car to work next Monday?"

"You will need a Monday permit, it needs to be less than 40 miles, and do you have at least $40, two forms of photo ID, and 4 hours to wait in a government office?"

"Jesus, do I not own this car?"

"Why of course, we believe in private property :^)"

Regulations are important.


 No.91817


 No.91819

Can someone explain to me the inflation in Venezuela? please


 No.91820

>>91819

They print money to spend on stuff -> money supply grows -> value of money decreases -> prices go up -> government prints more money to spend to increase wages and shit -> the cycle continues.


 No.91821

>>91808

I doubt it's that bad there.


 No.91822

>>91807

>Ties to the Koch Brothers. The Heritage Foundation has received funding from organizations with connections to the Koch brothers. In 2012, the Heritage Foundation received $650,000 from the Claude R. Lambe Foundation, which was one of the Koch Family Foundations before it closed in 2013.Oct 11, 2017

Hmmm, China is ranked 110th despite being one of the only developing countries to manage to uplift its people from poverty.


 No.91826

YouTube embed. Click thumbnail to play.

>>91803

Private property is being rescued all over.


 No.91827

YouTube embed. Click thumbnail to play.

>>91826

This shit isn't even new. It's been "that bad" for quite awhile.


 No.91831

>>91827

I think you meant that for >>91821 ?


 No.91835

>>91822

Do you have alternate data or an actual argument besides "I don't like these people so I will ignore them out of spite"?


 No.91838

>>91822

Lifting people out of poverty by direct intervention isn't criteria for economic freedom, since a government must exploit some taxpaying population to do so.


 No.91845

>>91838

Dude, c'mon, I'm even a libertarian too, and I have to ask whether that is the best way you could have argued.


 No.91858

File: 43231eb71ad4ee8⋯.jpg (70.75 KB, 501x576, 167:192, 1402753766168.jpg)

>>91845

>Dude, c'mon, I'm even a libertarian too


 No.91873

>>91858

>everyone i dun liek is a JEW!

>>>/pol/


 No.91881

File: c9170836501cbc8⋯.png (220.38 KB, 1144x1121, 1144:1121, 1488541863968.png)

>>91873

Fuck off, reddit.


 No.91889

>>91881

Replace that "ancaps" he is saying with "fascists" and you got it.


 No.91893

>>91835

What argument, it's an extremely biased source that pushes its own agenda, that alone is grounds for dismissal.

>>91838

Yes, but making 99% of your population live in squalor while first world countries exploit your plant genetic resources is, okay moron.


 No.91898

>>91858

I'm not saying I disagree, I'm saying it's a shit argument, or could have at least been phrased better. Am I wrong?


 No.91949

Will the U.S. become like Venezuela one day?


 No.91951

File: 2fb7c29b16ad8d2⋯.mp4 (1.9 MB, 480x360, 4:3, PorkedDOTcom.mp4)

>>91893

>What argument

That was rather my point, /trannypol/.


 No.91975

>>91893

All sources have bias. What matters is if the methodology biased or if the data was influenced by bias. Do you have proof of bias in their methodology or data?


 No.91976

>>91949

We would be lucky to get a quick collapse like in Venezuela, because then we can just say "socialism and government intervention have failed again" and go back to capitalism. Otherwise, we will continue to have a government that makes our lives shit, but which is sustainable enough to live on for decades before collapsing, all the while telling everyone that it's "capitalism" all along.


 No.91982

>>91976

>Tfw you realize that the U.S. is going to die of a hyperinflationary collapse, and they're going to blame it on "Too much capitalism."

Fuck me. Whatever happened to the old, "Inflation is always and everywhere a monetary phenomenon?"


 No.91988

>>91982

When you don't know economics, just blame capitalism.




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