John Stossel
One Year, Big Results! How Javier Milei Freed Markets, and Reduced Inflation
From StosselTV
By John Stossel
One year ago, libertarian Javier Milei was elected president of Argentina. How has it worked out?
Amazingly well! In his first year, Milei has already cut government spending by 30%, eliminated entire ministries, fired thousands of government workers, slashed subsidies, and deregulated the economy.
Today, inflation is down, the federal budget is in surplus, and the country’s housing shortage crisis is over. “When Milei came into power,” says Ian Vasquez of the Cato Institute, “There was 40% poverty rate. There was an annual inflation of over 200%.
Now inflation is down. The economy started to recover… Milei is showing that his libertarian policies are working.” Years of big government had left Argentina in crisis.
Pundits and the media claimed Milei couldn’t fix any of that. They were wrong. Milei’s success shows that freedom works! Maybe our politicians will learn from him.
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Business
The ESG Collapse: Al Gore, Intel, BlackRock, and the Failed Promise of “Sustainable” Investing
From StosselTV
For years, investment firms pressured companies to hire people of certain races and genders, and pushed “sustainability.” That has hurt returns.
Investments that claim to be “sustainable” have been underperforming. It’s because companies that embrace “ESG” woke investing end up prioritizing politics over innovation.
Intel, once a leader in the tech world, wasted millions on ESG goals. Now, it lags behind its competitors. Its stock is down more than 70%. “You have a company that’s absolutely failing!” Says Matt Cole, CEO of Strive investment managing.
Even BlackRock, which led the “ESG” push, now backs away from ESG investments. “What you’re seeing today,” says Cole, “is ESG funds shuttering at record speed.”
Our new video explains why.
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From StosselTV
Many colleges no longer teach critical thinking. They teach censorship. And victimhood. These ideas make students depressed and anxious.
The new documentary, “The Coddling of the American Mind,” ( thecoddlingmovie.com ) tells stories of students who fell for the indoctrination.
Before college, Kimi Katiti was full of confidence. But at the Art Institute of California, she learned she was a victim. “I was introduced to microaggressions,” she explains. “This set of thought processes was really unhealthy and was making me miserable.”
Lucy Kross at Stanford was taught that Ben Shapiro’s ideas “put black, brown, trans, queer, and Muslim students at risk.” She found that embracing woke language made her more popular. “When I started to use the vocabulary of like, marginalized, intersectional, hegemonic…People just kind of smiled a little bit more.” Over time, she, and others, concluded that such ideas hurt her.
Our new video looks at their experience navigating campus indoctrination, and how they escaped it.
After 40+ years of reporting, I now understand the importance of limited government and personal freedom.
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Libertarian journalist John Stossel created Stossel TV to explain liberty and free markets to young people.
Prior to Stossel TV he hosted a show on Fox Business and co-anchored ABC’s primetime newsmagazine show, 20/20.
Stossel’s economic programs have been adapted into teaching kits by a non-profit organization, “Stossel in the Classroom.” High school teachers in American public schools now use the videos to help educate their students on economics and economic freedom. They are seen by more than 12 million students every year.
Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club.
Other honors include the George Polk Award for Outstanding Local Reporting and the George Foster Peabody Award.
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To get our new weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe
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