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Javier Milei

๐Ÿ‘ค Person
720 total appearances

Appearances Over Time

Podcast Appearances

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

Make the prices transparent and allow products to reappear. Well, when you make the prices transparent, you also make transparent the cost of the basic food basket and the total basic basket, meaning the poverty line, sorry, the indigence line and the poverty line respectively. And when you do that, clearly you will see a jump in poverty. That brought poverty up to 57%.

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

Now, Argentina found its activity floor in the month of April. From that moment, Argentina began to invent a cyclical recovery. Real wages have been growing every month above inflation. Therefore, nominal wages are beating inflation. In fact, we are already at levels similar to those we had in November. The same goes for pensions. Moreover...

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

Now, Argentina found its activity floor in the month of April. From that moment, Argentina began to invent a cyclical recovery. Real wages have been growing every month above inflation. Therefore, nominal wages are beating inflation. In fact, we are already at levels similar to those we had in November. The same goes for pensions. Moreover...

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

Now, Argentina found its activity floor in the month of April. From that moment, Argentina began to invent a cyclical recovery. Real wages have been growing every month above inflation. Therefore, nominal wages are beating inflation. In fact, we are already at levels similar to those we had in November. The same goes for pensions. Moreover...

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

Also, let's say there is a rebound in activity due to the recovery of the stock cycle. Therefore, this is also contributing to more and better paid jobs. In fact, this is so strong and evident that the wages growing the most are in the informal sector. This means that poverty and extreme poverty are decreasing much faster than we imagined.

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

Also, let's say there is a rebound in activity due to the recovery of the stock cycle. Therefore, this is also contributing to more and better paid jobs. In fact, this is so strong and evident that the wages growing the most are in the informal sector. This means that poverty and extreme poverty are decreasing much faster than we imagined.

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

Also, let's say there is a rebound in activity due to the recovery of the stock cycle. Therefore, this is also contributing to more and better paid jobs. In fact, this is so strong and evident that the wages growing the most are in the informal sector. This means that poverty and extreme poverty are decreasing much faster than we imagined.

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

But not only that, by eliminating inflation, you remove the inflationary tax, but the real burden is the fiscal deficit, which was 15 points of the GDP. Okay, we temporarily raised the country tax. Now we lower it, but we return that to the Argentinians. We gave back 15 points of the GDP. Not only that, but also when you eliminate inflation, you remove the distortion of relative prices.

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

But not only that, by eliminating inflation, you remove the inflationary tax, but the real burden is the fiscal deficit, which was 15 points of the GDP. Okay, we temporarily raised the country tax. Now we lower it, but we return that to the Argentinians. We gave back 15 points of the GDP. Not only that, but also when you eliminate inflation, you remove the distortion of relative prices.

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

But not only that, by eliminating inflation, you remove the inflationary tax, but the real burden is the fiscal deficit, which was 15 points of the GDP. Okay, we temporarily raised the country tax. Now we lower it, but we return that to the Argentinians. We gave back 15 points of the GDP. Not only that, but also when you eliminate inflation, you remove the distortion of relative prices.

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

Therefore, the allocation of resources is much better. Not only that, but also with the strong fiscal adjustment we made, we have reduced the country risk from 3,000 basis points to 770. Today, Fitch raised Argentina's rating to triple C. So? What do I mean?

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

Therefore, the allocation of resources is much better. Not only that, but also with the strong fiscal adjustment we made, we have reduced the country risk from 3,000 basis points to 770. Today, Fitch raised Argentina's rating to triple C. So? What do I mean?

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

Therefore, the allocation of resources is much better. Not only that, but also with the strong fiscal adjustment we made, we have reduced the country risk from 3,000 basis points to 770. Today, Fitch raised Argentina's rating to triple C. So? What do I mean?

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

That translates into a lower country risk and interest rates, and that generates an increase in investment, also generates an increase in consumption. In other words, the Argentinian economy is currently in an absolutely flourishing moment.

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

That translates into a lower country risk and interest rates, and that generates an increase in investment, also generates an increase in consumption. In other words, the Argentinian economy is currently in an absolutely flourishing moment.

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

That translates into a lower country risk and interest rates, and that generates an increase in investment, also generates an increase in consumption. In other words, the Argentinian economy is currently in an absolutely flourishing moment.

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

And how is that sustained in the long term with structural reforms, which we implement daily deregulating the economy and introducing new laws that free Argentinians from the many oppressive measures that have burdened it, over the past 100 years.

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

And how is that sustained in the long term with structural reforms, which we implement daily deregulating the economy and introducing new laws that free Argentinians from the many oppressive measures that have burdened it, over the past 100 years.

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

And how is that sustained in the long term with structural reforms, which we implement daily deregulating the economy and introducing new laws that free Argentinians from the many oppressive measures that have burdened it, over the past 100 years.

Lex Fridman Podcast
#453 โ€“ Javier Milei: President of Argentina โ€“ Freedom, Economics, and Corruption

Look, we have fought against corruption like never before in Argentina. In fact, when we took office, for example, there were about 900 roadblocks per year. That is, people who made a habit of blocking the streets. They prevented free movement. And besides, they were given social plans and they were given a lot of money.