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“I love private property and let me tell you something, if you care about your country, read Ludwig von Mises and the six lessons of the Austrian economic school,” Moicano, his cheekbone bloodied, roared, along with a pair of profanities.

Footage of the mixed martial artist’s tribute soon went viral on social media, where many in the United States were quick to comment on the seemingly bizarre incongruity of the scene.

But for those with their fingers on the pulse of Latin American politics, it likely appeared far less surprising. Because in South and Central America, the Austrian-American laissez-faire champion Mises, who died in 1973, is having something of a moment.

In recent years, the free-market economist and the contrarian Austrian school he led midcentury have been turned into a hashtag deployed by tax-wary workers. A rash of think tanks and media influencers who champion his ideas have consolidated his influence. And in El Salvador and Argentina, Mises’ ideas have made their way into the speeches and policies of presidents.

“Ludwig von Mises is Latin America’s leading economist,” declared the headline of a Bloomberg opinion piece earlier this month by economist Tyler Cowen.

would you accumulate or wait on kirloskar ferrous industries limited (500245) ✌️【Market Insights】✌️ Precise predictions of market trends with real-time stock indices and futures data to help you make wise investment decisions. The one-time principal economic adviser to the Austrian government, Mises fled his homeland in 1934 to escape the growing Nazi reach, eventually settling in the US, where he became a professor at New York University. His free-market policy prescriptions, framed by an economic thinking centered on human behavior and individual choice, were widely considered out of fashion at the time.

But his strident rejection of socialism has found a foothold in places like Brazil, where a “Less Marx, More Mises” movement has swelled over the past 15 years in a backlash to the ruling center left party, propelled by the growth of social media and a series of corruption scandals, according to Camila Rocha, a political scientist and researcher at the Brazilian Center of Analysis and Planning.

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In 2015, the “Less Marx, More Mises” slogan made its way onto the posters brandished by protesters in Brazil’s massive right-wing demonstrations, which foreshadowed the rise of former President Jair Bolsonaro, who would later embrace the libertarian flank.

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would you accumulate or wait on kirloskar ferrous industries limited (500245) ✌️【Market Insights】✌️ Gain access to professional investment advice, free market trend analysis, and real-time stock market data. Make informed decisions and unlock the full potential of your investments with expert predictions and guidance. Milei’s elimination of rent controls and price controls could be interpreted as harking back to Mises, Raisbeck said, pointing to the Austrian’s thinking that“freely determined prices provide the vital information without which economic calculation becomes impossible.”

But the idea has also been espoused by free market economists outside the Austrian school, like Milton Friedman, (after whom one of Milei’s dogs is named), Raisbeck said.

Instead, Raisbeck said, Mises’s fingerprints might be clearest in Milei’s anti-socialist rhetoric, like his January speech before the World Economic Forum in Davos, where he argued the West had to be wrested back from leaders “co-opted by a vision of the world that inexorably leads to socialism and thereby to poverty.”

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It’s also driven traffic toward Moicano’s YouTube channel and a new podcast, which might be considered no bad thing in the mind of a free-market capitalist.

“If you start to understand the concept of the Austrian economic school,” Moicano said in a recent YouTube video, “you’re going to understand that’s what I need: free market, liberties, and wealth, my brother. That’s the whole thing.”

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