Javier Milei
speaker
426 appearances
7 recordings
3 series
first heard Nov 2024
last heard 22 Jan
Javier Milei’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 6 in all, peaking in Jan 2026 with 6.
Appearances
With Michelangelo, you would have called him crazy too. Or if you had talked to, I don't know. Hundreds of people who have changed the world, surely they would have thought that Einstein was crazy and so on. The list would be infinite. So, what is the difference between between a madman and a genius. Success.
One must first understand what the market is. Simply put, the market is a process of voluntary exchange where individuals cooperate through the transfer of property rights in which private property is upheld. This is the system that drives the allocation of resources. In essence, socialism, and this is what Mises condemns in his book Socialism,
shows is that without private property, prices cease to exist, and therefore resources are diverted. Why don't you think it's the same to make a road of asphalt or gold? Why not make it of gold? Because you have an understanding of economic calculation, you have an idea of prices in your mind. So in this context, if there is no private property, there are no prices, and as a result,
The free market capitalism, you know, is the best mechanism ever developed by humankind for resource allocation. This also implies that markets must be free, free from state intervention, because when the state intervenes, it creates interference. And markets need to allow free entry and exit, what we call competition. However, it's better to understand competition.
In the sense described by Israel Gerstner, one of the foremost figures of the Austrian school, or in the neoclassical framework, as William Baumol understood it, which was the concept of free entry and exit in so-called contestable markets. And also, let's talk about what pertains to the division of labor and social cooperation.
You know, the most wonderful thing about capitalism is that you can only be successful by serving others with better quality goods at a better price. If you are successful, In the free market capitalism, you are a hero. You are a social benefactor. You are a prosperity machine. So the better you do, you know, the better you do, the better it is for society. This is very important.
I remember when I had my first meeting with Elon Musk and this made me admire him greatly. And this is something my sister commented on too. You know? Elon Musk told me something he does every day. He wakes up every morning thinking about what problem he could fix for humanity. That's amazing. Of course, what is the counterpart? Being successful.
Therefore, in that sense, and moreover, in my view on how the system works, on how the market works. Market failures do not exist. That is to say, that is a problem. All right? A problem for neoclassical economies because of the mathematical tools they've used to develop economic analysis, but actually, It's not a real issue in everyday life. It's a problem in the minds of economists.
In fact, my latest book called Capitalism, Socialism, and the Neoclassical Trap deals precisely with this issue.
Well, actually, that is what Mises said, that there were, he said that there are only two systems, free enterprise capitalism and socialism. And he also pointed out And this is proven in Hayek's book, The Road to Serfdom, that any middle ground solution is unstable in terms of capitalism, meaning it tends towards socialism.
So when you implement an intervention, it causes government failure, which then triggers further intervention, setting up a trap that results in more and more intervention. And in this context, the neoclassicals with their market failure theory are in fact dealing with problems that are fundamentally mathematical,
Rather than making the world a better place, they have, if you will, been instrumental in increasing the levels of intervention. Let me tell you something. Well, you know, I have an economist as chairman of the President's Advisory Council. Dr. Damien Radel, who studied here at Harvard University and completed his Ph.D., was mentored by Kenneth Rogoff, the American economist.
And Rogoff has said that Dr. Riedel was his best student. Nowadays, we're actually working with Dr. Riedel specifically on all these issues that arise from, you know, the interventions proposed, proposed by the by the mainstream, such as the so-called correction of market failures. And a few days ago, he conducted a survey of search algorithms and policy recommendations.
And that resulted in a map painted from red to blue. And, well... The redder it was, the more it was linked to socialism. There was an intermediate thing that was yellow, and blue was free market ideas. And one of the things he discovered as part of that graph or chart was that the largest the largest number of policy recommendations scandalously are actually left-leaning.
So that is the empirical evidence of what I pointed out in the book, Capitalism, Socialism, and the Neoclassical Trap.
Well, from my four-legged children, I have learned unconditional love. In fact, well, my name in Hebrew means loyal friend, faithful friend, and on the Chinese horoscope, I am dog. And if there's one thing that defines me is loyalty being decent. And those virtues, you know, You can find them in those wonderful beings that dogs are who love unconditionally.
In fact, they are superior beings, right? Spiritually speaking, in my case, because, because, you know, I don't forget or forgive those who have harmed me. That is to say, all those who have insulted, defamed me and criticized me. I remember each one of them. But I don't have the greatness needed to forgive them.
It depends. Because... You sometimes think that you can expect some people to be loyal and if they betray you, of course, that hurts. But some people, you actually don't expect anything from them. So if there's betrayal, I mean, you won't be annoyed or feel bad because you owe it to someone who didn't share your values. But politics does have that, you know?
Sometimes, many of the people you may come across don't have the values you advocate for, but it's cost-benefit. You need to let the ship sail on, right? Or would you rather let it sink? That's not my case. I fight until the end. There are traitors, but that's part of politics. And that's not my line, but of course they do exist.
I didn't do this thinking about having an impact on the world. I have defined what makes me happy and I live according to that. I live consistently by that. And... And most importantly, I would say, never give up. Moreover... And above all, never be half-hearted. I would rather... Cry because I failed... rather than not crying because I never tried.
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