Retiring in Argentina Update | WITH the new Government

Lots of huge changes by the new President. Let's go through the biggest ones.

[@carlibeguerie]

I m US born from argentinian parents, I grew up in Argentina , now live in NYC. Argentina is my North for retiring age, great people and beautiful country

[@HJones-pi5bs]

What are.good websites to view houses for sale in Argentina?

[@carlibeguerie]

@@HJones-pi5bs mercado libre, zonaprop, argenprop, new century, remax argentina…

[@carlibeguerie]

Word for real estate in Argentina is: Inmobiliaria

[@carlibeguerie]

@wisdomwraps it depends on who you are, what are you going through, and what you do right ? I know every city in Argentina….and like I said I will most likely retire there, yes.

[@hjander]

Enjoyed your presentation, THANK YOU!

[@BasutuEquestrian]

BEST president!! 👏👏👏👏 Saw him at Davos - what a legend!! I have so much respect for this man. He makes me want to move to Argentina ❤

[@sophiachavez3377]

The man has been in office a few months and he is the best president?!? As compared to whom? Well, you belong in Argentina. You obviously are a person who “thinks” with emotions.

[@jimgrady7458]

@@sophiachavez3377 Compared to any and all. Javier Milei is legend. When he called the Ministry of Education the "Ministry of Indoctrination" I cheered.

[@jc30081983]

We can send it over your place if you like him so much. No shipping charges, all on the house

[@sailingcate1838]

How can a presidente de extrema derecha be good for people?

[@carefulconsumer8682]

I have several new neighbors who left Argentina because of all the problems there. Maybe the new President will change things for the better?

[@regentmad1037]

it's amazing. my son and i have started several small businesses and are considering moving them to argentina. there's nowhere to go but up from here and i'm more bullish about argentina than i am the US right now

[@sophiachavez3377]

You will regret it.

[@regentmad1037]

@@sophiachavez3377 why is that?

[@yaimavol]

BUT.... I have heard it is very hard to run a business there with the labor laws. Lots of restrictions and mandatory paid time off. Just do your homework

[@regentmad1037]

@@yaimavol oh you misunderstand. we'll do the business in the U.S., but run it through argentina where things are much cheaper. the businesses themselves run in the U.S.

[@regentmad1037]

@@yaimavol idk man Elon just came out saying he's very bullish on it as well. may need to check the news bud. the commies are out so the economy can work again.

[@Sheepleton]

It'll get worse before it gets better. Crime is going to be an issue to be taken seriously. The cost of living will be fantastic but there's already been issues for months with expats transferring themselves money from US accounts...Western Union locations (which provide the best option for money transfer exchange rates) often don't have the cash on hand. I've seen other vloggers give up and leave the country after getting robbed in broad daylight. Caution required.

[@prodiusm8060]

That is what I worry about. I get paid from Social Security and try to access my account and can't get my money transferred. I would be stuck If I could not get access to my money to cover living expenses. Remember even to leave the country you need money.

[@Guest-vd6wo]

I live in the bayarea California, where people get robbed in broad daylight.......From looking at reputable U.S. world travelers, I keep hearing about setting up (Charles) Schwab account to access funds? I have no experience with it, but I have had good and bad dealing with Western Union........ Also, setting up at least two U.S. checking accounts where direct deposit funds can be transferred in the event of a lost or stolen debit card.

[@sophiachavez3377]

Absolutely correct! But people think they know better. A fool and his money are soon parted.

[@perrykomick9478]

😂😂yeah the crime is brutal..😂😂 EVERY expert who has never set foot in Argentina always mention crime😂😂

[@stopper90004]

Bitcoin. Tiny fees and instant transfers ... Online exchanges allow you to buy it anytime anywhere for peanuts. You can use it purchase dollar-pegged digital coins like USDT... Most retailers will take it. Plus Bitcoin is at the start of a new 18 month bull market; itll triple this year

[@brilliantblue4366]

Really appreciated the two videos on Argentina. Your videos just hit my feed today and I am looking forward to watching your other videos. You put out solid and relatable information that is helpful to those of us looking to either spend time in other countries or set up permanent housing. If you have any other information on Argentina I hope you share. Thank you!

[@laptopseniors]

We're trying to get out another from our friends who live in Buenos Aires. They love what's going on there now with the new President. But then they also have always hated the corruption from the previous governments. So they're definitely jaded. Hopefully we'll get an update video out with them soon.

[@MsLinda165]

I traveled through Argentina in the 70's after the coup d'etat, and let me tell you, inflation was insane, and the military had the locals under the gun, literally. Soldiers roamed the streets arresting locals if they stayed out past their curfew. Tourists were not under the same rule, we could roam around after curfew, no problem, and it was sad sad sad to have more rights than the locals. There we were, sitting in cafes enjoying ourselves, knowing full well that the locals couldn't enjoy the same liberty. It takes a strong man to overcome the threat of fascism. This president deserves our respect and support. Also, due to inflation, many professionals, like teachers and accountants were reduced to living in shanty towns on the outskirts of town, something tourists wouldn't see. They lost their homes due to high inflation. The lucky ones emigrated to places like Canada and the US. The rest had to stay behind and live like cockroaches, after their gov't had screwed them over. This is something that most people are ignorant of, and they're so myopic, only worrying about their pension, and willing to descend like vultures to take advantage of their strong dollar against the Argentine Peso. Argentines were 'disappearing' back then, and people were afraid to be caught talking to a tourist. So, in my opinion, yes it's safe to travel in Argentina. The people there are educated, hard working, honest, and they love opportunities to practise their English. Most of them just want a decent standard of living, the same way Americans and Canadians want. The best question to ask is, how would you feel if wealthy foreigners descended on your town, bought up all the real estate and made owning property in your own town an impossibility due to the foreign investors? That's the real question. So if we're going around the world doing that to other countries, how ethical is that?

[@8_x_9.]

Interesting with good questions.Thx.😊.

[@rosaroberto6480]

Just found your channel and this conversation is so intriguing. This will be so interesting to see how things develop. Love how you present all the aspects to consider along with the research to support it. Thank you for the great content!

[@laptopseniors]

Thanks for watching.

[@danmcqueen5295]

Thank you, good information!

[@aha-yy4rt]

We are gonna be fine. I love my country and my president Milei. I trust him and what he is doing. Welcome back whenever you decide to come!

[@RobertLaster-ke5qk]

Mar del Plata is on my radar. Can't wait. Only 500k population yet all the Argentina you need. And it's cheaper than Buenos Aires.

[@laptopseniors]

Fabulous area.

[@haifamarkets3561]

Not as safe as Buenos Aires though

[@Can-Pac]

​@@haifamarkets3561Mar del Plata is much safer...

[@el_Contra]

@@haifamarkets3561 what? where did you get that?

[@Lpmeff]

Thanks for your honesty

[@michaelharding8694]

Thanks for this excellent information, Please keep up with these insights into Argentine immigration and how policies may be in flux and changing with the new leadership, these updates are very much appreciated!

[@user-hk7un1cg9v]

Three months ago, the passive income requirement was $500-$600 a month. For those of us who are getting a little less than $2,000, we need to take Argentina off our list.

[@RobertLaster-ke5qk]

Hopefully my $3,737.00/mo will be enough.

[@8_x_9.]

Many people are ok with 2000/month in the USA 🇺🇸 & CANADA🇨🇦 !!! ARGENTINA IS ASKING TOO MUCH.😂😅😊.

[@BlueStarEnergyHealer]

The requirement is $950 now

[@dbernardo7226]

Thank you for the realistic review of cost of living. My question is: SAFETY and CRIMINALITY ... Do you stay in at night, every night? ... Cellphones, are they still a target for robbery? ... Taxis: still a Kidnap danger? ... Going to exchange money at Peatonal Florida (Florida Boulevard), how dangerous? ... Much appreciated, bro! Happy New Year from New Jersey

[@laptopseniors]

Great questions. Can't answer all of this but I'll ask our friends in BA for these. What I can say is...people there don't even go out at night for restaurants etc until around 9pm. They're out till midnight-2am. LOTS of people out at night. Pretty safe. Cellphones? Probably, but then I've seen a cellphone snatched in broad daylight in a ton of tourists in Paris. Guy was taking a picture, kid ran up grabbed it out of his hand and ran away. So, it's common to a degree everywhere. Exchanging money? Same thing. ANYwhere I'm at an ATM I'm checking everyone out regardless of country. For a lot of this type of stuff we assume home is safer but many instances it's not. For instance....I'd rather be in downtown Buenos Aires than San Francisco. No idea about kidnappings. It was a big thing in Brazil when we were living in BA, but in BA it didn't exist. Not sure if it exists now either. I'll find out.

[@user-uw1hg3xk2k]

Nightlife is great

[@mt_gox]

yes! the entire world is INCREDIBLY DANGEROUS!!!!! STAY UNDER YOUR BED TIL YOU DIE!!!!!

[@SenorJuan2023]

Moving there next year!

[@tmorril]

The Rentista visa is very resonable and generous.

[@TruthPain]

"But it he turning this around in a few months ........................... yeah that's not gonna happen" Well if the metrics on March 15 in terms of inflation / central bank dollars, Standard & Poor CCC rating and IMF boost are any indication, PART of it did happen in a few months.

[@PeterDavila-mx9ni]

The temporary nature of the visa along with the 6 month residency requirement won't work for me. I need to be able to travel and be back in the US for any length of time and at any time of my choosing. Panama's visa system is still much better and practical.

[@laptopseniors]

That's why Panama's visa is so excellent. All that stuff is gone.

[@user-lx3fv6yq6p]

London Ontario Canada Interested in leaving KKKANADASTAN

[@user-uw1hg3xk2k]

How long did you live in Argentina, Panama and Uruguay

[@laptopseniors]

We were in AR & UY for roughly a year and a half, living in both countries. Panama since this winter.

[@beyforghani7962]

Thanks for your insights. I'm considering retirement in Argentina, but before moving, I'd like to try it for a few months (say Mar. and Apr. of 2025) Do you have any suggestions for a long term car rental? Thanks.

[@oscarmike4596]

Watched your video on Milei. Excellent 👍 I was extremely impressed that you knew about Keynesian vs Austrian economics. Went from 4th best economy globally and for 100 years went in one direction.. we see the results after 4 credit defaults and countless IMF bailouts. So the people overwhelmingly decided to try the other ‘direction’. Time will tell and empirical data will show us which provides a fairer system and better QOL.. My hope is they stop printing pesos immediately, create a peg and force through dollarization…

[@KB3TLE]

The Philippines for language and cost of living is much more attractive to me for a ''retirement'' destination - looking from the US. -- They can allow for almost any budget - simply depending on location - they can offer almost any desired lifestyle ! Mexico is much closer and offers more choices of climate & about the same cost of living. The political and economic uncertainty causes me concern in Argentina - not knowing what may happen being in such unchartered territory ? > And it's not easy or cheap to get to ! 🤔

[@haifamarkets3561]

How about getting a mortgage from local bank after the new changes and the ability to use US dollar??

[@laptopseniors]

Not sure. But in general getting a mortgage overall is not as prevalent in AR like in N. America. Most pay cash. Plus, unlikely to get a mortgage without permanent legal status. But...again, not 100% sure.

[@sr9253]

I would like to see the video comparing Argentina, Uruguay and Panama? Which would be the most quiet? I can’t handle loud music and noise.

[@laptopseniors]

All would be quiet depending on where you live. On the whole though, all 3 can have some pretty loud late night parties far more often than occur in the states or Canada. Generally, I'd say UY would be the most quiet of the 3. But again, that's relative.

[@8_x_9.]

​@@laptopseniors Watch out for Mexico🇲🇽 !!! Can be very noisy+dogs barking!!! Earplugs work really well.🎉😂❤.😊

[@Analog_nomad01]

Buy low Sell high seems to be the investors strategy you were mentioning. Also it looks like once you obtain permanant residence you have to pay taxes in Argentina?? Can you provide more information about that? Thank you!

[@laptopseniors]

All residents pay taxes on all worldwide income. But there's tax treaties involved so you don't have to pay twice anywhere there's a country to country treaty. The tax person I was mentioning is not a 'resident'. He would be considered a tourist or in our terms a snowbird since he stays under the 6 month requirement for tax residency status. But of course he's paying a ton in real estate and sales taxes. This is helpful: assets.kpmg.com/content/dam/kpmg/xx/pdf/2023/01/TIES-Argentina.pdf

[@suzylawson9830]

I just read that the income requirement for a retirement visa is 30,000 Argentinian pesos. That’s not the same amount you just talked about in your your video. Am I missing something?

[@rafaelderossi1779]

Are retirees taxed on their US pension income/retirement/social security once they get a permanent residence? Or does Argentina not touch that?

[@laptopseniors]

Yes, if you achieve permanent residence status. However....Americans living abroad in Argentina may also be able to lower their tax liability with the Foreign Tax Credit (FTC). This tax break lets you deduct any income taxes you’ve already paid or will pay to Argentina, dollar for dollar, from your tax bill. For example, if you paid $12,000 in taxes to Argentina and you’re eligible for the FTC, you could deduct this amount from your US tax bill, helping to lower or eliminate your tax burden. You can claim the Foreign Tax Credit by filing IRS Form 1116. Best to talk to a US accountant who's versed in ExPat returns. Most accountants aren't.

[@yaimavol]

Reining in government spending and cutting off the money printing is not radical. It is common sense. Every government in the world could do it, but they don't do it, and we know why.

[@sophiachavez3377]

I watched the first Argentina video ; thought it was pretty good. However, your optimism based on the new president is unwarranted; it demonstrates a huge lack of knowledge about the Latin American culture. The new president is excellent, just as you said. If his were an American president’s ambitious agenda, he could probably accomplish much of it in 4 years. However, he won’t accomplish much of it in Argentina. The dollarization of the peso is unrealistic and won’t solve their problems because the govt is and has been corrupt since Juan Perón. He says all the right things, but implementing them is another story. One characteristic of hispanics is their willingness to tell you what you want to hear. Not sure if that’s what he’s doing or if he’s so naïve as to think wishing makes it so. It’s difficult for Americans to understand the hispanic culture because we adhere to laws; they don’t. Latin American cultures run on emotions, not on business principles. I would not retire there, but I would love to visit it. I lived in Mexico City 50 years ago and in Colombia for half of the past 3 years. It took be that long to understand their very different perspective. They are delightful, friendly people who like Americans, but they don’t think like Americans. I would encourage people to live several months there, but not retire in Argentina.

[@laptopseniors]

I agree on most of what you're saying. No way to know if he can turn the tide on all the corruption and 'bought for' other politicians. We'll just have to see. My main point was that despite all this, it's still a pretty good gamble if you're retiring from N. America due to the money difference. I'm going to do another video making this clearer because over the last decade more than a few countries have gone through similar high inflation, bad currencies etc. All emerged ok out of it all with little to no real upheaval during it. Just a hard year or two while their economies got used to the bad different times. Now, thousands wish they would have waded in and rented and/or bought a place back when those other countries were at their worst. Argentina to me, is one of those rare places right now. Basically....gloom and doom doesn't usually show up as bad as people predict.

[@Guest-vd6wo]

The most important advice/opinion I've learned about retirement overseas is not to purchase anything I can't walk away from, and to not transfer my money in a foreign bank! Live well until it's time to hit Dodge!

[@sophiachavez3377]

I suggest you study the history of inflation in Argentina . It used to be the richest country in South America until Perón’s presidency which dates back to the 1950s. The government can and has confiscated personal bank accounts. I would rather put a match to my money than put it into an Argentine bank.

[@laptopseniors]

@@sophiachavez3377 I think you didn't watch the whole video. In it I definitely said that the LAST thing you want to do is move your money to AR. Just enough to do day to day stuff. That's it.

[@claudioacevedomorilla9604]

@@laptopseniors You don't know Argentina, Uruguayans and Argentines are very different from Mexicans and quite different from Colombians. I invite you to get to know Argentina and then give your opinion.

[@blue-gx5tm]

I was considering pursuing citizenship in Argentina but isn't there double taxation if you are both an american and argentian citizen?

[@therehastobesomethingmoore]

Looking at BA as a retirement city, 3 months appear to be very hot….too hot for us. Can you shed some light on Mar Del Plata ? Looks fantastic but crime and safety numbers are Very high. Is it a safe city ??? Thx ! We are so happy for Argentina…new President is awesome !

[@laptopseniors]

We've spent a bunch of 'summers' (our winters) in BA and I wouldn't call it hot at all. Nothing like FL or Panama or Puerto Vallarta as comparisions. It's closer to a NYC or Detroit or Toronto summer. The 'hot' season is only from middle of Nov to end of March really. Definitely TShirt weather but not sweltering. I've been reading that Mar del Plata has crime now but we've never been there. Our friends who live in BA have been going there every summer for a couple weeks for ages and they love it. Their only complaint is the # of tourists in summer now. But, we'll have to ask them if the safety aspect has change.

[@therehastobesomethingmoore]

@@laptopseniors Oh ok. I grew up on Siesta Key, Florida, and although beautiful it was always too hot n humid. And I don’t know if it is possible to see more tourists, so I’m used to that. Ha Thx for the information !

[@laptopseniors]

@@therehastobesomethingmoore I went to school in Sarasota, just off the Tamiami Trail. Great area.

[@therehastobesomethingmoore]

@@laptopseniors My Mom and brother are still there. I get back maybe once a year.

[@therehastobesomethingmoore]

Sarasota High school ?

[@Can-Pac]

It should be noted that 90% of crimes occur in the province of Buenos Aires (in bordering and poor areas) + Santa Fe (poor areas of Rosario), in the rest of the country made up of 21 provinces, crime practically does not exist. . . They are beautiful, safe areas with less population. (Of the 47 million Argentines, 17 million live in Buenos Aires, the other 30 million are spread throughout the country, which is quite large) PS: It is not because of racism, but a fact. (I clarify before receiving complaints) The poor areas of Argentina are mostly made up of foreigners from neighboring countries, such as Bolivians, Peruvians, Paraguayans, Chileans, etc. There are many humble and hard-working people, but unfortunately there are many criminals. . , those red zones are dangerous, it is not recommended to enter, not even many Argentines go near those zones, they avoid them. (I lived in those areas 15 years of my life, don't tell me otherwise)

[@8_x_9.]

Thank you.Glad you survived all that.😊 🇨🇦

[@TUBESPECIFIC1]

Dang, I don't even have $1800 a month which is what Thailand requires now and while I could just live on tourist visas, I don't have the money to fly back and forth every 2 or 3 months. I want outta the US of A once for all time. Wish I could just book now, pack my bag, and make my way on over there. Too much inflation, hate, and unfriendly vibe here so it's just not possible for me to be happy staying home paying excessive living costs, in fear, and not able to engage life's activities that mean having some quality of life.

[@laptopseniors]

Not a 100% expert on this but I saw a guy on KZbin who moved to Mexico explain their requirements. They're HIGH!. But...he also said that you can avoid them if you go into Mexico on a tourist visa and then after 3 months apply for a temporary resident visa. That has no income requirement. And then with time that'll lead to a permanente visa. Again, just saw this on a video but the guy seemed like he knew what he was talking about. Something to check out for yourself if Mexico is an option for you. It at least eliminates most of the things in your last sentence that makes N. America tough to live in.

[@TUBESPECIFIC1]

@@laptopseniors A number of people from many countries just live on tourist visas. They are too young or don't have enough income for retirement visas so they just wander around every 2 or 3 months into another country. I'd like to be doing that for I'm single. I suspect there are many doing it on just $1300 a month, but that's a big risk should something go wrong that one needs to throw money at. It's a real stinker knowing I'll never have enough to expatriate out of the Western country, namely America for I don't enjoy living in my country even though many are trying to get into it.

[@relicofgold]

TAXES!! They're going to tax your worldwide income after 5 years.

[@wolfthequarrelsome504]

So, banks age brutal and don't move money into Argentina. So how to get residency, then?

[@uwewinkler2820]

bring chain saw instead laptop

[@laptopseniors]

Lol

[@haifamarkets3561]

Is your foreign pension going to be taxed? how much?

[@raystack6250]

That's what's needed in us cut the fat out of govt.

[@laptopseniors]

Seems like they ran a surplus already and inflation's come down for 2 months in a row (official stats). But still a long long way to go.

[@doc4lady]

So if you become an Argentinian citizen do you have to pay taxes on your social security retirement money

[@laptopseniors]

Yes, like most countries where you live. Taxed on income in AR and abroad. Including your social security. But, the rate is going to be low. Somewhere between 15 & 9 percent.

[@sharonannelarkin9534]

This question is about paying taxes on social security retirement. It is a bit misleading to answer it in terms of countries taxing INCOME. "Yes, like most countries . . . " Yet many countries do not tax income from pensions. And others tax only income earned in country, not worldwide income.

[@prodiusm8060]

Becoming an Argentine citizen is not a great idea. I heard there is no process for the loss of Argentine citizenship. So, after 5 years, your worldwide income will be taxable forever. If you leave and return to the state, given FATCA you will have to file and pay your taxes in Argentina.

[@mm-hg2os]

Argentine citizenship is permanent. You cannot renounce. Could make it difficult to get citizenship in another country.

[@laptopseniors]

Non-resident Argentine citizens are subject to tax only on income derived from Argentina sources. So if you leave and live in another country full time, you're not a tax person for Argentina unless you make money in/from Argentina. Only Eritrea and the US tax citizens on worldwide income....forever.

[@laptopseniors]

Non-resident Argentine citizens are subject to tax only on income derived from Argentina sources. So if you leave and live in another country full time, you're not a tax person for Argentina unless you make money in/from Argentina. Only Eritrea and the US tax citizens on worldwide income....forever.

[@mt_gox]

@@laptopseniors hmmm... does Eritrea torture its citizens to death with nitrogen gas too?

[@tinhnguyen-gk9on]

For my upcoming retirement, I am thinking of buying a vacation condo or a house in Buenos Aires in Hollywood SOHO or the vicinities. what do you think about the pricing of real estate market in next 3 months? Thank you for your comments.

[@Guest-vd6wo]

That might be a very very excellent investment!

[@markwilliford5319]

Please go research the "Inverted Pyramid" technique of reporting.

[@wesdowty79]

Go to Thailand

[@michaelkyne7880]

Snakes and too wet hot

[@8_x_9.]

​@@michaelkyne7880 Also can be stifling humidity!!!🥵🤧😱. No thanks.

[@patrickrex6230]

Argentinos no hay dinero

[@laptopseniors]

Claro.

[@ArmandoGarcia-do9bz]

I JUST HAVE A QUESTION.IF YOU BECAME CITIZEN OF ANOTER COUNTRY ,DONT YOU LOOSE YOUR AMERICAN ONE.?THEM WILL YOU LOOSE YOUR BENEFITS?

[@laptopseniors]

The US allows dual, or triple or any number of other citizenships. So you won't lose your US one. That changed somewhere in the early 90's.

[@nala3038]

I’m thinking you failed English 1A.

[@ArmandoGarcia-do9bz]

Thankyou,next time I will be more careful english is my 3rd language and I have never been ​into school to learn it.I truly fail.@@nala3038

[@user-qm9vi4vr9t]

Not always; there is dual citizenship.

[@dg3831]

I think Argentinians are starting to have buyers remorse 😅

[@user-hk7un1cg9v]

What makes you say that?

[@dg3831]

@@user-hk7un1cg9v He says one thing while campaigning, and then does the opposite after he's sworn in.

[@Lpmeff]

My question is there only upside coming my take a year or so, government cut spending is a the right way to move, stop the government crime

[@jandyman22]

Argentina's a mess. We were there 10 years ago on our year-long trip around the world. It was our least favorite country. We did not find the Argentinian people very friendly. They looked down upon the indigenous people and there is no mixing between Spanish Argentinians and indigenous Argentinians. It's sad. Government is a mess. It's a large fertile country, but they use a huge amount of land growing soybeans for export and raising cattle. As a result, environmental pollution/deforestation is terrible. I would NEVER retire there.

[@Can-Pac]

You're talking pure shit...

[@mt_gox]

I hate trees so it sounds like paradise to me.

[@harryrocco7591]

Wow opinions really run the gamut

[@Dougie33]

I’m betting on Argentina 🇦🇷 they are so rich in many ways

[@eddiebeer4516]

I just wish you would get to the point sooner.

[@delavan9141]

If you say the video is about retirement, please dont ramble on and on about political and economic minutiae. Otherwise title the video differently. Thanks.

[@laptopseniors]

Well, how a country is governed says a lot about what life is like there. And I didn’t know KZbin had title police 👮 lol

[@mr.blackwater9155]

You're right. Quality over quantity. Things like Safety, Quality of life Infrastructure Health Care Of course, Visa and immigration info. People want meat and potato information. However, I do appreciate your content. And yes, people will critique your content. Welcome to KZbin. Be well

[@olvinabarca]

12 minutes of blah blah blah 1 minute of content

[@Kong-kg6ij]

Ever heard of Mises? What Miliei is doing is Mises brand of Austrian economics. It is proven to work and its not new.