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Javier Milei

👤 Person
720 total appearances

Appearances Over Time

Podcast Appearances

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

And indeed we reduced to less than half the number of ministries because we went to nine ministries. Today we have eight. We have also laid off a large number of civil employees. Today I can say that we've already dismissed about 50,000 of them. And we practically don't renew any contracts unless the positions are absolutely necessary.

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

And indeed we reduced to less than half the number of ministries because we went to nine ministries. Today we have eight. We have also laid off a large number of civil employees. Today I can say that we've already dismissed about 50,000 of them. And we practically don't renew any contracts unless the positions are absolutely necessary.

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

And indeed we reduced to less than half the number of ministries because we went to nine ministries. Today we have eight. We have also laid off a large number of civil employees. Today I can say that we've already dismissed about 50,000 of them. And we practically don't renew any contracts unless the positions are absolutely necessary.

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

At the same time, we have stopped public works and we have eliminated discretionary transfers to the provinces. We have also diluted public sector wages. Also, we have eliminated economic subsidies. by restoring utility rates to the right levels. And well, and in that, let's say in this context, we achieved fiscal balance as far as the treasury is concerned.

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

At the same time, we have stopped public works and we have eliminated discretionary transfers to the provinces. We have also diluted public sector wages. Also, we have eliminated economic subsidies. by restoring utility rates to the right levels. And well, and in that, let's say in this context, we achieved fiscal balance as far as the treasury is concerned.

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

At the same time, we have stopped public works and we have eliminated discretionary transfers to the provinces. We have also diluted public sector wages. Also, we have eliminated economic subsidies. by restoring utility rates to the right levels. And well, and in that, let's say in this context, we achieved fiscal balance as far as the treasury is concerned.

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

This is very important because in the last 123 years, Argentina had a deficit for 113 of them. And in the 10 years, it did not have a deficit because it was not paying the debt. So that was absolutely false. And they told us it would be impossible to do that. We had planned to do so within a year. And they said it wasn't possible to adjust by more than one percentage point

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

This is very important because in the last 123 years, Argentina had a deficit for 113 of them. And in the 10 years, it did not have a deficit because it was not paying the debt. So that was absolutely false. And they told us it would be impossible to do that. We had planned to do so within a year. And they said it wasn't possible to adjust by more than one percentage point

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

This is very important because in the last 123 years, Argentina had a deficit for 113 of them. And in the 10 years, it did not have a deficit because it was not paying the debt. So that was absolutely false. And they told us it would be impossible to do that. We had planned to do so within a year. And they said it wasn't possible to adjust by more than one percentage point

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

and we achieved fiscal balance in the month of January, that is the first month of administration. At the same time, we also cut social plans linked to intermediation. This is very important because we knew we were going to make a very tough adjustment and we knew that this was going to have A court in social terms.

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

and we achieved fiscal balance in the month of January, that is the first month of administration. At the same time, we also cut social plans linked to intermediation. This is very important because we knew we were going to make a very tough adjustment and we knew that this was going to have A court in social terms.

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

and we achieved fiscal balance in the month of January, that is the first month of administration. At the same time, we also cut social plans linked to intermediation. This is very important because we knew we were going to make a very tough adjustment and we knew that this was going to have A court in social terms.

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

And we knew that we had to offer support during the first month, I mean the first quarter and second quarter in office. One of the things we did was to eliminate what are known as poverty managers, that is intermediaries. Basically, people have a card through which they receive assistance

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

And we knew that we had to offer support during the first month, I mean the first quarter and second quarter in office. One of the things we did was to eliminate what are known as poverty managers, that is intermediaries. Basically, people have a card through which they receive assistance

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

And we knew that we had to offer support during the first month, I mean the first quarter and second quarter in office. One of the things we did was to eliminate what are known as poverty managers, that is intermediaries. Basically, people have a card through which they receive assistance

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

But it happens that they had to provide a counter service and that counter service was verified by a group called the piqueteros. So in that context, when they were going to sign, the counter service took away half of the money. So by removing that payoff, they stopped extorting them, stopped stealing their money. And with the same amount of money, they received double the resources.

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

But it happens that they had to provide a counter service and that counter service was verified by a group called the piqueteros. So in that context, when they were going to sign, the counter service took away half of the money. So by removing that payoff, they stopped extorting them, stopped stealing their money. And with the same amount of money, they received double the resources.

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

But it happens that they had to provide a counter service and that counter service was verified by a group called the piqueteros. So in that context, when they were going to sign, the counter service took away half of the money. So by removing that payoff, they stopped extorting them, stopped stealing their money. And with the same amount of money, they received double the resources.

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

And of course, we also provided an additional boost. So, let's say that this is related to the five adjustment points in the Treasury. Now, what happens? As we began to achieve fiscal balance and no longer needed to issue money to finance ourselves, and as we also met interest payments and some capital repayments, One of the things that happened is that the debt market began to be recreated.

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

And of course, we also provided an additional boost. So, let's say that this is related to the five adjustment points in the Treasury. Now, what happens? As we began to achieve fiscal balance and no longer needed to issue money to finance ourselves, and as we also met interest payments and some capital repayments, One of the things that happened is that the debt market began to be recreated.