Milei Gets Tuttle Twins to Teach Free Markets to Argentine Kids
After denouncing it as a propaganda tool for the left, Argentina's libertarian President Javier Milei is relaunching a state-run TV channel for kids set to feature a cartoon teaching free market economics while stressing the evils of taxes and communism.
Paka Paka, first introduced by leftist former President Cristina Kirchner in 2010, will launch new programming in July ranging from Dragon Ball Z to Tuttle Twins, a US cartoon series that includes animated versions of free-marketeer economists Milton Friedman, Friedrich Hayek and Ludwig von Mises. The channel will also carry a re-tooled version of Zamba, a local history cartoon.
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Associated Press
3 hours ago
- Associated Press
Messi back with Argentina and Ancelotti debuts with Brazil in South American World Cup qualifying
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Yahoo
5 hours ago
- Yahoo
Can you still make money with Bitcoin?
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Like stocks, the value of Bitcoin fluctuates from one day to the next. Are ChatGPT-written children's books an easy side hustle? Buying and selling Bitcoin is fairly straightforward. You can purchase a Bitcoin (or fractions of a Bitcoin) with U.S. dollars through an online cryptocurrency exchange like Coinbase or a more traditional investment broker like Robinhood. That transaction is recorded on the blockchain — a decentralized, secure digital ledger that isn't controlled by banks or governments. 'There is truly revolutionary technology underlying these cryptocurrencies, including Bitcoin, that allow money and value to flow outside of a government-sponsored fiat currency,' said Jennifer Schulp, director of financial regulation studies at the Libertarian-leaning Cato Institute. That said, Schulp worries influencer buzz could do more harm than good for digital assets in the long run. 'Viewing it all as, 'how do you make a buck in the quickest way possible' is not beneficial to the long-term innovation that can be seen from this space,' she said. The price of Bitcoin could go up or down. Nobody knows. That's true of other investments like stocks or gold, but Bitcoin has a few additional risks. Historically, it's been more volatile than traditional asset classes. Bitcoin has gone up over the long run, but price swings have been the norm, not the exception. If you bought Bitcoin at its November 2021 high, your investment would have been worth roughly half as much about three months later. On the other hand, buying in early Feb. 2024 would have resulted in a significant gain after only a month — about 60%. At times, those fluctuations have been more a reflection of crypto-enthusiasm than so-called 'market fundamentals,' the tangible economic indicators investors use to gauge the stock market. In that sense, Bitcoin requires investors to pay attention. Making fast money on vending machines: Is it that easy? 'I don't think it's just a set it and forget it investment because of its volatility, because of all the different macro factors influencing it,' said Bryan Armour, director of passive strategies research at Morningstar. It's worth noting that Bitcoin has been less volatile than many individual stocks, even popular names like Meta, Nvidia and Tesla, according to a Fidelity Digital Assets analysis in 2024. Bitcoin has only been around for 16 years, while the New York Stock Exchange dates back hundreds of years. With time comes information. Investors can look at previous economic cycles and know with some confidence where stocks are headed in the future. Since its introduction in 1957, for example, the S&P 500 has delivered an annual average return of around 10%. Bitcoin has done even better over the past decade, averaging an almost 50% annual return, but there's no guarantee that success will continue. 'Predicting where [Bitcoin] is going to go when there's an economic shock, I think we just don't know yet,' Schulp said. And unlike stocks, which represent ownership in real companies, Bitcoin isn't backed by physical assets. Its value comes from scarcity, hence the comparison to 'digital gold.' But even that analogy is imperfect. Gold is something you can hold and the world's most powerful governments keep it in strategic reserves. That could happen with Bitcoin, but it hasn't unfolded in the same way yet. The U.S. doesn't have a clear regulatory framework for digital assets, though several cryptocurrency bills and regulations are in the works. 'Part of the risk of it is that it's unknown how these things are going to be regulated five years from now versus one year from now,' Armour said. Is meme coin crypto the key to get rich quick or another scam? Bitcoin investors are optimistic that the Trump administration will be positive for the crypto industry, with Trump poised to be the most pro-crypto president ever. Even so, the ongoing uncertainty makes crypto a risky investment. Ray Dalio, a prolific investor, called Bitcoin 'one hell of an invention' back in 2021, but cautioned: 'I suspect that Bitcoin's biggest risk is being successful, because if it's successful, the government will try to kill it and they have a lot of power to succeed.' In 2023, Dalio said he has 'a little bit' of crypto in his portfolio but acknowledged the risks: 'I've seen people get very rich and I've seen people get very broke with it.' Other big-name investors, like Warren Buffett and Jamie Dimon, have been vocal critics of crypto over the years. Most Americans remain skeptical for now. Roughly six-in-ten (63%) say they have little to no confidence that current ways to invest in, trade, or use cryptocurrencies are reliable and safe, according to Pew Research. Overall, just 17% of U.S. adults have ever invested in, traded or used a cryptocurrency, Pew found. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Washington Post
6 hours ago
- Washington Post
Peru allows miners to seek permits in area removed from Nazca Lines protection
BOGOTA, Colombia — Peru announced Tuesday that miners who had been operating illegally in a large protected archaeological reserve around the famous Nazca Lines will now be able to start the process of obtaining mining permits, after the government reduced the protected area by 42%. Energy and Mines Minister Jorge Montero said those working in the area must now legalize their mining activities since the zone is no longer designated as archaeological heritage.
