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Lex Fridman Podcast / episode intelligence

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

20 Nov 2024 16 published claims 1 attributable person
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Speakers in the public record

Javier Milei

Claim mix

evaluation 8commitment 2belief 2prediction 2recommendation 1preference 1

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16 published records

01 / commitment

Well, to us, that is truly important, okay? Because we’ve decided to be geopolitical allies of the United States ever since our campaign, we have decided that our allies will be the United States and Israel because they basically represent the ideas of the western world, they represent the free world.

“Well, to us, that is truly important, okay? Because we’ve decided to be geopolitical allies of the United States ever since our campaign, we have decided that our allies will be the United States and Israel because they basically represent the ideas of the western world, they represent the free world.”
Speaker
Javier Milei
Publisher
Lex Fridman Podcast

03 / evaluation

However, when it was time to face the consequences of the idea he was promoting, he froze, wet his pants and ended up, let’s say, accepting all the restrictions because clearly it was better to be out of jail than in jail.

“However, when it was time to face the consequences of the idea he was promoting, he froze, wet his pants and ended up, let’s say, accepting all the restrictions because clearly it was better to be out of jail than in jail.”
Speaker
Javier Milei
Publisher
Lex Fridman Podcast

04 / commitment

Why? Because before they could, for instance, a journalist went and for example, he would go to a person and he would throw a folder at them and say, “If you don’t give me X amount of money, I am going to publish all of this and tarnish your reputation.

“Why? Because before they could, for instance, a journalist went and for example, he would go to a person and he would throw a folder at them and say, “If you don’t give me X amount of money, I am going to publish all of this and tarnish your reputation.”
Speaker
Javier Milei
Publisher
Lex Fridman Podcast

05 / belief

To live in peace and prosperity. And I believe, even though bureaucrats and the elites fight untiringly to enslave us, a wave of freedom has been unleashed, which, if we do wage the fight, we’ll have a much better world.

“To live in peace and prosperity. And I believe, even though bureaucrats and the elites fight untiringly to enslave us, a wave of freedom has been unleashed, which, if we do wage the fight, we’ll have a much better world.”
Speaker
Javier Milei
Publisher
Lex Fridman Podcast

07 / evaluation

Just imagine the adjustment we are making. And in that sense, it is also incredible what we have achieved because if we were to work with the inflation we have in our country today, considering the exchange rate situation, the figures are even better than during the convertibility program, which was the most successful economic program in Argentina’s history.

“Just imagine the adjustment we are making. And in that sense, it is also incredible what we have achieved because if we were to work with the inflation we have in our country today, considering the exchange rate situation, the figures are even better than during the convertibility program, which was the most successful economic program in Argentina’s history.”
Speaker
Javier Milei
Publisher
Lex Fridman Podcast

08 / evaluation

When we first took office, basically what we found was that in the first week of December, inflation was rising at the rate of 1% per day, which means 3,700% annually.

“When we first took office, basically what we found was that in the first week of December, inflation was rising at the rate of 1% per day, which means 3,700% annually.”
Speaker
Javier Milei
Publisher
Lex Fridman Podcast

09 / prediction

In the same context of that phenomenal increase in productivity and per capita GDP, the population had multiplied sevenfold over the preceding 200 years. So basically, in economics, that means you get increasing returns, and the presence of increasing returns implies the existence of monopolies, concentrated structures, and according to traditional neoclassical economic theory, the presence of monopolies and concentrated structures is not a good thing.

“In the same context of that phenomenal increase in productivity and per capita GDP, the population had multiplied sevenfold over the preceding 200 years. So basically, in economics, that means you get increasing returns, and the presence of increasing returns implies the existence of monopolies, concentrated structures, and according to traditional neoclassical economic theory, the presence of monopolies and concentrated structures is not a good thing.”
Speaker
Javier Milei
Publisher
Lex Fridman Podcast

10 / evaluation

At the same time, you have to fight the political battle because, well, soccer matches are not won by shouting from the stands, they are won by playing on the field. But that alone is not enough because you have to, let’s say you need to convey to society the values of capitalism, the free market, what liberalism is, the value of freedom, right?

“At the same time, you have to fight the political battle because, well, soccer matches are not won by shouting from the stands, they are won by playing on the field. But that alone is not enough because you have to, let’s say you need to convey to society the values of capitalism, the free market, what liberalism is, the value of freedom, right?”
Speaker
Javier Milei
Publisher
Lex Fridman Podcast

11 / recommendation

Essentially, what we did was implement a fiscal adjustment at the Central Bank, amounting to 10% of GDP. So if you ask me, it’s clear that we have not only made the biggest fiscal adjustment in the history of humanity, because we made a fiscal adjustment of 15 points of the GDP, but also most of that went back to the people as less seigniorage, as a lower inflation rate.

“Essentially, what we did was implement a fiscal adjustment at the Central Bank, amounting to 10% of GDP. So if you ask me, it’s clear that we have not only made the biggest fiscal adjustment in the history of humanity, because we made a fiscal adjustment of 15 points of the GDP, but also most of that went back to the people as less seigniorage, as a lower inflation rate.”
Speaker
Javier Milei
Publisher
Lex Fridman Podcast

12 / evaluation

There are many anarcho-capitalists who are dedicated to criticizing, and incredibly, they do so with more violence towards liberals, and many of them actually criticize me, which truly make no sense because it is precisely the nirvana fallacy but the reality is that… Look, in Argentina, for example, the most popular sport is soccer.

“There are many anarcho-capitalists who are dedicated to criticizing, and incredibly, they do so with more violence towards liberals, and many of them actually criticize me, which truly make no sense because it is precisely the nirvana fallacy but the reality is that… Look, in Argentina, for example, the most popular sport is soccer.”
Speaker
Javier Milei
Publisher
Lex Fridman Podcast

13 / evaluation

I mean, let’s say the real poverty levels were higher, quite a bit higher than those shown by the previous government, which showed them at 41% and also did so on a six-monthly basis. So if you, let’s say, have a growing trend, they are actually leaving you a bomb and you don’t see it because let’s say basically the indicator was measured with a delayed form.

“I mean, let’s say the real poverty levels were higher, quite a bit higher than those shown by the previous government, which showed them at 41% and also did so on a six-monthly basis. So if you, let’s say, have a growing trend, they are actually leaving you a bomb and you don’t see it because let’s say basically the indicator was measured with a delayed form.”
Speaker
Javier Milei
Publisher
Lex Fridman Podcast

15 / evaluation

Today, its GDP per capita is 50% higher than that of the United States. So I have a current situation, and what I am constantly looking for, whether from my academic works and my outreach notes and books, is the world we have today, that every day we are closer, that every day we gain more freedom because there are some very interesting things here.

“Today, its GDP per capita is 50% higher than that of the United States. So I have a current situation, and what I am constantly looking for, whether from my academic works and my outreach notes and books, is the world we have today, that every day we are closer, that every day we gain more freedom because there are some very interesting things here.”
Speaker
Javier Milei
Publisher
Lex Fridman Podcast
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