Argentina's Milei on Currency Controls, Subsidies, Trump, China (Full Interview)
ฝัง
- เผยแพร่เมื่อ 4 เม.ย. 2024
- The president of Argentina, Javier Milei, explains why he's taken a slower path than anticipated to implement campaign pledges to dollarize the economy, shut down the central bank and eliminate subsidies. He also talks about China, Donald Trump and how he named his dogs. He speaks in an exclusive interview with John Micklethwait, Bloomberg's editor-in-chief. They spoke at the president's executive offices in Buenos Aires.
Read the full story - www.bloomberg.com/news/featur...
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9
Visit www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: / bloombergtv
Facebook: / bloombergtelevision
Instagram: / bloombergtv
Connect with Bloomberg Business on:
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
TikTok: www.tiktok.com/@bloombergbusi...
Reddit: / bloomberg
LinkedIn: / bloomberg-news
More from Bloomberg:
Bloomberg Radio: / bloombergradio
Bloomberg Surveillance: / bsurveillance
Bloomberg Politics: / bpolitics
Bloomberg Originals: / bbgoriginals
Watch more on TH-cam:
Bloomberg Technology: / @bloombergtechnology
Bloomberg Originals: / @business
Bloomberg Quicktake: / @bloombergquicktake
Bloomberg Espanol: / @bloomberg_espanol
Bloomberg Podcasts: / @bloombergpodcasts
Argentina: suffers decades of corruption, inflation, instability.
Milei: in office for 3 months.
Bloomberg: Why haven't you fixed everything?
Inflation is already coming down last couple months in Argentina finally
Exactly!!!!
@@the_investor9836 it's amazing, you look at inflation in 2023 it was exploding as milei took over and he turned it around
milei is a economic wizard, he understands all the angles, came from traditional to modern teachings and then discovered the austrian school of thinking - pragmatic economics that isn't built of perpetual growth which is destined to fail over the long term
argentina are extremely lucky to have in and for him to be in power in a time like now is a gift from heaven
without milei argentina would be experiencing hyperinflation, it would be unlivable
times a tough but it is nothing compared to hyperinflation, absolutely nothing
@@elduderino7767 bootlicker
Bootlicker
This interview is a giant, "why haven't you done X or Y?"... the man has been in office for 100 days and balanced the budget. Give him some time
Some time to do what?
Suppress people rights?
And without support from congress
@@davidzambrano1121 so far he hasn't taken away any rights, just the opposite, he is taking PRIVILEGES away. Why else you think sindicates, politicians, and bent journalists are hating him so much? normal working people aren't upset about his policies...
Don´t forget Bloomberg himself is a complete leftist.
@@Rainbow-jb4xgDrone
They are asking him for a miracle. The dude is actually trying to perform that miracle, and in front of him he faces the 10 plagues of Egypt.
Maccabees 3:19.
He and his nationals face not the Ten Plagues, they face the Forty Years Travel to the Promised Land.
وأنا مالى أنا يا لمبى
To clarify something, the term "populism" in Argentina means basically the opposite to the American meaning.
In America people call populists to right wing politicians, but in Argentina it refers to the socialist politician who gives people free stuff to get voted
Oh ok thank you for the clarification
Massive kudos to you for such big clarification! Best regards from the north of Argentina
Not really, there are left wing and right wing populists. A populist basically is any politician who appeals to the people by saying he represents their interests and not those of the elite ruling class.
@@humanbeing5300 By definition yes, but in general it's used differently in USA than in Latin America.
For example I have seen people confused when he speaks against populists because he likes Trump.
@@ronnie926 people are idiots
Go milei go
Show the world does not need thieves....
I will support you
It is refreshing to see a world leader who can call out BS in economics in a live interview.
LONG LIVE FREEDONM!!!🦁🇦🇷💜
We need a Javier Milei in each country to defeat the Globalist Left, the Levitan of the State and the disastrous UN 2030 Agenda.....
Long live freedom Carajo!!!
Freedom*
Freedom*
So stupid
Milei is brilliant. Argentina will be great again.
In the toilet
Changing a President will fix everything that's how all election countries are boasting Including the greatest country u.s.a.People always think the next one will make their country great again
Keep your dream 😊.
Which lackey can become rich..
He’s a puppet of George Soros and co.
I like the fact that when he speaks he moves his hands indicating that he has in his mind and in his eyes in front of him all the equations, graphs, cash flow, assets, liabilities and understands how all these are connected with each other and where to tweak the weights to so the output to be what he desires!!! brilliant mind!!
Summary of the Video
Part 1 of the video discusses Javier Milei's first 100 days as President of Argentina, focusing on his radical economic reforms inspired by free-market principles. Milei has devalued the peso, slashed government spending, and aimed to align the official peso with its black market value. Despite facing a history of economic turmoil, Milei's policies have seen some success, with inflation decreasing and public support remaining strong. The video also touches on Milei's plans for dollarization, his moral stance against the central bank, and the challenges of implementing currency competition in a bankrupt economy.
Highlights:
1. **Milei's Economic Reforms** [00:00:00][^1^][1]
* Devaluation of the peso
* Reduction in government spending
* Initial success in controlling inflation
2. **Currency Control and Dollarization** [00:01:28][^2^][2]
* Plans to lift currency controls post-mid-term elections
* Goal to eliminate the central bank
* Challenges with currency competition and political opposition
3. **Fiscal and Monetary Challenges** [00:03:06][^3^][3]
* Inherited a bankrupt central bank
* Undertook unprecedented fiscal adjustment
* Strategy to clean up the central bank's balance sheet
4. **Political and Social Impact** [00:13:50][^4^][4]
* Tackling government jobs and subsidies
* Navigating political opposition and the Supreme Court
* Public support amidst economic hardship
Part 2 of the video discusses Argentina's economic strategies, international relations, and political ideologies. It highlights the government's approach to a Chinese space station in Patagonia, trade relations with China, negotiations with the IMF, and the country's fiscal policies aimed at reducing debt and achieving economic solvency. The video also touches on support for Israel's actions in Gaza and the president's libertarian views, including support for Donald Trump's policies against socialism.
Highlights:
1. **Chinese Space Station and Trade Relations** [00:36:29][^1^][1]
* Audit and inspection of the station
* $18 billion currency swap with China
* Trade exchanges remain unchanged
2. **IMF Negotiations and Economic Reforms** [00:38:28][^2^][2]
* Seeking IMF approval for reforms
* Potential $44 billion facility
* Exceeding IMF targets in record time
3. **Fiscal Policies and Public Debt Markets** [00:41:41][^3^][3]
* Zero financial deficit after interest payments
* Reduction in country risk levels
* Increase in bond prices
4. **Support for Israel and Political Ideology** [00:43:05][^4^][4]
* Endorsement of Israel's government actions
* Libertarian views and admiration for certain economists
* Alignment with Trump's identification of socialism as the enemy
Great job. Thanks a lot.
Damn! Thanks!
Point 4 is all you need to see that he's a puppet. Thanks for sharing ❤
@@thebodyclock1 To the contrary it proves that Milei is not a puppet as the globalist cabal are against Trump and Libertarian views
I honestly can’t remember if I’ve ever heard a politician speak so eloquently about their own economic policy.
President Milei is a truly remarkable figure. He gives me hope for western society.
In an interview with a learned man that throws around lots of technical concepts and terms, and speaks in such long and (relatively for what we're used to with politicians) complicated sentences, it's better to just have him subtitled rather than dubbed. The translator, while good, struggles at times to keep up and obviously the tone of voice of what he's saying doesn't carry, the translation being completely out of sync sometimes with the phrase he's speaking at the time. Kinda hard to watch, feels a bit wasted.
Agreed. And i do not envy that translator at all. That's not something most translators could do.
@@therecalcitrantseditionist3613 I was thinking exactly the same thing, you need a translator with technical knowledge in economics, Milei uses way too many complex terms...
agree.
Agree..
Agree.
Milei is so impressive. Argentina’s road will be bumpy but he is the person for the job.
Not really....poverty has increases, mo education, health etc....a disruptive individual
Are you... serious?
@@marievam You are a joke
@@marievam this surely is a socialist, things are getting better here.
It’s like every neoliberal approach - put economy through shock to mobilise all resources. Private sector sees it, loots through new resources giving illusion of economic activity. Then economy slumps because poor and middle class need to deal with cuts in social services, reduced wages and slipping down into poverty. Crime rates increase, government needs more policing and jails. Workers unhappy, want to organise, but private sector can’t allow it, then censorship starts, restrictions starts and we are moving into fascism state. I’ll give it 10-15 years before Argentina moves into full authoritarian regime with Milei.
Milei is working hard to stabilise argentinian economy. He will succeed
🤣
Yes, he can sell cow meet to india 😂
And in case he doesn't, he at least didn't make it worse and took the first steps necessary for recovery..
God Bless You And Argentina And All The Citizens Of Argentina.
The question is why instead of just doing sound macroeconomic policy (which is what he's trying now), that would deal with inflation and low growth, he needs to adopt this whole absurd libertarian worldview.
Im so proud of my vote, and that the world knows him now, he will change everything!!
Yes, he is a historic figure in many ways. What he is doing will reverberate for the rest of the 21st century. The world normally doesn't pay much attention to Argentina. The world is watching now though.
@@marcv2648 Yes, we had 100 years of socialism, now we turned 180° to freedom, we had the worse president in history with Alberto Fernandez, to now the best president one could ever ask for with Javier Milei, ive seen him change and grow into the man that could be president one day, since i first knew of him in 2015, he even dated my aunt crazy as it sounds for a year, the fact hes gotten world level famous is something i feel like a dream everyday, he is a god sent, he is part of history in the path of growth for humanity, and Argentina will rise again and be in the top as it should.
@@Showmaann Yes, Milei is going to prove how great his ideas are. I think it will become obvious to people when they see the result. It makes me want to move to Argentina in fact.
@@marcv2648 yes 100% and lot of people are gonna be moving here for sure if things get better.
@@marcv2648 hahah
Stunning. A world leader who fully understands and can speak fluently of IRR and WACC, understands the damage that can be wrought by an activist central bank, and has the courage to address it all head-on. The U.S. desperately needs someone of his caliber.
We hope he can thread the needle, he has a lot to go on in a corrupt banking country and inside of a historically special kleptocratic country... The best outcome is his ability to bring together the two ends on board with his own ideas, to make a benefit for all, not just the wealthy special well well-connected elite rich and business criminal class but also the extremely poor who would rather have another plan, or to even overthrow and create a communist balanced ( NOT ) system. And which some other countries have done. Where some poor and basic citizens believe they would be better off without a good capitalist stable system... So to him, ' The best of Luck .' He has taken the right steps, so far and he will have to walk slowly and carefully in the future for Argentina country...
Trump 24'!
See videos on MMT Economics
really? it's just a basic knowledge of finance. "Damage brought by activist central bank" no no no :) most countries with activist central banks don't have any of Argentinian problems. Especially the US that is surpassing other developed countries with its policies.
Canada as well.
I love this guy he knows his shit and his heart is in the right place....
100%
Cant believe bloomberg translated his speech and not used subtitles.
There are subtitles that you can turn on that aren't auto-generated.
@@rusaccord its better to have the original audio in spanish.
@@rodolphodecastrorodrigues7457 I misunderstood what you mean. I agree, the original audio should have been left alone.
That is the fact... I would prefer to believe even in the devil instead of bloomberg...
When bloomberg says something, I prefer to believe in the other site.
Mr. Miley is a real hero, he is not only fighting for Argentina's freedom, but he also fights for decence, moral values, ethics, science and good life standards and well being for the people.
Ha Ha, you got it, it's called freedom and democracy, to manipulate the audience
my president! 🤩. GO MILEI GO !!!!
It would be interesting to see how many heads of states could answer the questions he was asked... I don't think many could answer complicated, advanced economic, financial and monetary policy questions.
I like Milei , interesting personality to keep an eye on
"Milei in English" is helping me to follow the development!
Pupet which can be successful
@@JesusisGod-no3bi puppet of whom? He has stood on his word since the beginning
@@FranP25 🤣
@@salamecas5293 ?
Best of hopes and wishes.. To Argentina!! Make your country how you want it. Canada is good to trade with too. Support communist ways... keeps them in power... pretty simple. I might be wrong.. anyone is fallible... me too... but.. .why do I get the sense this guy is truly honest in his "focus and effort". Make Argentina Awesome! Yes!!
Canada is a collectivist dictatorship.
Milei is delivering. Not only that... he's exceeding all western governments in competence. Buy Argentina now. he's already performed amazingly and has served all people of Argentina, even those who do not understand it, very well in his roughly 100 days in office. Give it time. I wish more western leaders would act like he does. would tremendously benefit everyone in the west. (not an opinion btw)
Absolutely excellent translation!! Miley speaks fast and complex but translator not only kept up but simplified making the conversation easier to comprehend
Te amo Milei, jamas pensé empatizar con un político, sos el Salvador de nuestro país, todos los argentinos de bien te amamos, te queremos presidente para siempre 🇦🇷🥹🙌🏼
Milei seemed brilliant both economically and politically. I’m not knowledgeable at either but from what he’s saying I feel he knows his stuff
Yes, he does.
Economically he is outstanding.
Politically remains to be seen…
Fighting the corruption in Argentina will not be easy…
He’s marginal, he will destroy the country. He’s not brilliant, he’s crazy. People are dying, by suicide, dengue, and rare diseases to which the government used to provide medicines that are unpayable for any Argentinian (as much as us$17,000 every two weeks)
@@whowhy9023 For him it will be trial by results. If he gets his majority he is a political genius. Otherwise he is a fool who wasted his opportunity by being an ideologue and burning bridges.
I think so, too. But he has to be careful and that why he has to go step by step.
Wishing him great success!
My previous comments were censured...😂
He defoe understands macro better than most…
I want to believe you Senor Millei , even if I do not understand everything
That's a beginning. Go forward to learn what he's talking about.
El periodista cree que conoce la realidad argentina, pero no la conoce como debería. Eso genera entre otras cosas, y por cuestiones históricas y culturales, que no entienda que no se pueda hacer saltar de golpe el tipo de cambio liberando, porque se genera el efecto absolutamente contrario y se espirala la inflación, entre otras cosas, que ya han pasado antes. Muy medido Milei en sus respuestas, en esta entrevista tuvo paciencia. Saludos desde Argentina🇦🇷
Pensé lo mismo. Para nosotros es una completa obviedad que no se puede liberar el tipo de cambio, así como así, por la evidente corrida cambiaria. De hecho, Bullrich lo propuso y todos nos dimos cuenta que era una locura. El periodista estuvo muy flojo en hacer una pregunta tan tonta, sobre todo por el tono.
He was right about the West going to far down the Collectivism route.
He's a CIA asset
Yeah it's bad that some countries try to take care of its citizens!
@@rogerforsman5064 How so? Oligarchies and hyper capitalist countries don't care about their citizens...this is 2024 brother, avoid fairytales
Milei for US president!
We can but dream…😂
Nayib Bukele or Pierre Poilievre would work wonder here too.
Lol
Killary will probably get him suicided. Milei would actually drain the swamp.
Turning off after 12mine. Reporter either does not listen, does not comprehend what Milei is explaining to him or is just out for gotcha clips with his questions. Ridiculous.
The Bloomberg reporter is their to promote his talking points (agenda) and is not listening to Milei. Typical journo shill.
He’s WAY better than Trump
Oh God no comparison!
And Biden.
Neither are high bars…😂
Agreed. There is a massive gap between "The governmental structures are not working society and have caused many problems we are facing so lets radically change the system." compared to "The governmental structures are not working for me and have caused many of the problems I am facing so lets radically change the system."
No tf he's not. He's a CIA asset looking to sell his country to America. Gdam y'all are r3tarded. The liberalized Asians are especially pathetic. Your sister has a white bf
@@ashrichman9956 of course no comparison. Trump says his enemy is the "Deep State", Milei says his enemy is the State.
Still, a huge compliment to Bloomberg for this very free ranging interview that at the same time asks relevant and challenging questions, as allows Millei to answer them in a sufficiency of time.
All of these trap doors the Argentine President is aware of and fixing is what fixing tag he financial system looks like, patience and courage Argentina. The only flaw is dollarization, the USA Central Bank has wrecked the dollar value and loaded Americans with debt to finance the repeated bank bail outs.
He doesnt want to dollarize, just free the use of different fiat coins
@@juanarkantos freedom of currency!
He uses dollarization as a shorthand term. Dollar would get some play, but eventually Argentines would prefer something harder. One step at a time though.
Problems in the US won’t affect Argentina just because of the use of USD.
Argentina can offer any interest rate it wants… Bitcoin might also play a part?
He wants a free currency competition, but the State has to collect revenues in a single currency.
Also, he wants it for two reasons:
First, to avoid that further administrations can print money to fund their budgets
Second, to allow the circulation of billions of dollars outside of the financial system and saved by citizens in physical bills, without being taxed or audited.
While he is right on currency competition, geopolitical forces are against that line of thinking
Milei policies are working, last month inflation went down (from as high as 54%) to 13%. Still high, but it is the just beginning...
U have no clue what u are talking about. I live in Argentina and because he brought the official exchange rate closer to the onofficial one, there was 50-100% inflation within 2 months....Now its a little bit less but i can tell u thats way more then 13%. BUT the people in Argentina should have know this because thats what u get with this kind of policies.....Current generations are getting more and more poor, its all for future generations, thats what people in Argentina need to understand. The current generations will suffer more and more but they do it for their kids or grandchildren....IF everything goes alright and the president after Milei will continue this path....
@@peterpeter8217 clearly people living in Argentina like you have no clue or you wouldn't have kept on voting for the peronists over and over again and gotten into this intractable mess.
@@ramrao668 I see that reading in a comprehension way is difficult for you. Try to read my comment a couple times and maybe u understand what i'm really saying....because i also think that Argentina needs a radical change if u really want to change anything....Strelita was saying because of Milei's policies there is less inflation now, this is simply not true like i stated above and explained.
it's m/m inflation, y/y is's still raising
@@peterpeter8217 la inflación bajo mono de barro. Seguí votando la misma mierd@ de siempre zurdito, tenes la cabeza infectada de pobreza
People like him, that want to change things for the better for the whole population, usually get eliminated rather quickly by the corrupt "elites".
I hope his fate is different, he seems to be doing great things for his country and its peoples.
The Bloomberg chappie doesn't seem stupid. He seems to have prepared well, and comes up with relevant questions. Still, Millei completely outshines his interrogator. What an economically giant intellect. Cometh the hour ....
Guy knows all the stats without having any notes. Guy is going to save Argentina!
Milei ❤🦁💪
When I saw a video of Milei flying economy I loved him
Argentina is lucky to have China willing to work with them on the trade. Milei should have stopped dollarization. The U.S. dollar is not useful in the Global South because it is declined in value.
The dollarization is already there, people choose U.S. dollars to avoid loosing savings... Milei will kill the forced course or compulsory coin so people will use the coin they want to trade.
Dollar is far from perfect but it is way better than the CCP's currency
Melei is amazing! We need him in America!
Make Argentina Great Again!
won't happen.
That’s really hard to do in a democracy with that population. THe average IQ is rather low, many people are leftists, and many people want to cheat (both ordinary people and people in power).
I wish America had such a president.
He listens to American deep state, he's a CIA asset. So he won't be better than America, persay
ain't it easier and more reliable to put subtitles instead of dubbing??
It looks as if the translation was done on the fly. Couldn't you write it down, translate it and then put an effort to put some flow into it? You are having a technical guy and most of the message is lost in the rushed dubbing
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank
this makes me truly happy
Makes me want to move there.
What are the best additions to a $600k portfolio to boost performance?. ETH is Up and will do better, I believe indicators, for profits will continue to improve, investors like me believe that "Santa has come early" to the markets...
I think you're better off with majority investment in bitcoin and uprising equities because they always outperform. Alternatively speaking to a certified market strategist can help with pointers on which to acquire.
Wow, massive gains! My partner recently hinted at going the same direction.. What did you invest in?, and who is your investment advisor please?, if you don't mind me asking in dire need of asset allocation.
Elissa Dawn Sharon is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment.
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals.
Javier Milei was born for this! Viva Milei
Corruption is mysteriously left out of this video. Very difficult to get any business done as a foreigner, very slow and expensive.
Economic liberalization is the cure for that
Give an example.
Milei's government has an anti-corruption brigade headed by minister Sandra Pettovello, and they're doing major work in that front, since the institutionalized corruption is of course, fault of the 20 years of previous populist governments. I'm from Argentina and I kid you not, every single day there's a new corruption case being unveiled. It's a slow process but trust me, I know what you mean, it's that corruption and political clientelism which has held the country back despite having massive resources, both natural and in human capital.
The central bank printing money is stealing!👏
They are anxiously waiting for him to fail...he doesn't fit the one world oder.
Wishing Argentina success!
Removing regulations also removes corruption.
There is a lot to do….
The key to healthy prosperity has always been an industrious population with enough income to encourage them to make a better life for themselves. That is the foundation meat and potatoes of it. Without this there will be no getting anywhere.
We have tried that for over 70 years (with our government running constant fiscal deficits, financed by sovereign debt and money printing) and it hasn't been working out... Without a stable economy all of that falls apart.
We've been in economic downfall since 1949 and Milei has been in office for 100 days. Just take time to make the math
I am definitely rooting for Milei and the prosperity of Argentina. He is an absolute HERO, and the people that voted for him are are absolute heroes for willing to brave the sacrifice of austerity in the short term, for the potential of a much brighter future. Argentina could really be the torch bearer of freedom in the future if the US continues to elect leaders that push the woke agenda of communism, censorship, authoritarianism, and anti-critical thinking (aka the "progressives" (really should be called the regressives)/democrats)
Thanks for interviewing him and translating too.
Very rare to listen to an interview where a world leader clearly knows more about economics than a bona fide financial journalist. Great interview, thank you Bloomberg.
Nayib Bukele and Javier Milei are the hope for Latin America. God bless them. Incredible leaders.
Muy buena entrevista, respuesta y preguntas serias con contenido
Milei ❤ I love your hair 😊😊😊
Excellent interview
Great interviewer great questions and superb answers and solutions from Milei
Top notch
Highly impressed by Milei. I hope you get your country in order. Greetings from Sweden.
How come amateur youtubers without a big mass media company behind them can upload two audio tracks (one with milei speaking English and other with him dubbed) and big old mighty Bloomberg cannot? 😂
Best president of any nation this decade. So envious…
Mr Milei would have My vote . In fact right now in the country i live, I would support His actions to bring australia out of the guaranteed RECESSION facing Us in the not too distant future . Bravo Sir 🦘☮️
he sounds like a much more capable leader than the American options.
Milei Is honest and brillant!
Oh this should be good. Will watch later. Hope it’s not a hit-piece Bloomberg
They tried.
Unequal contest…😂😂
Argentina is now in good hands. Given a chance he will turn Argentina into an economic powerhouse
Putting a live translation on a youtube video is extremely stupid. Make some proper subtitles and upload with original audio ffs.
Meile is a wonderful man. Imagine we could get this kind of intelligent hand-on response from Biden or Ramaphosa.
Where was the question 🙋 about bitcoin? Just by listening to this guy talk you know that he knows his stuff. He’s not a politician but an architect for new Argentine.
there is a saying... people that like to seat at the edge of the chair live on the edge of life...iam holding the thumbs for argentina..
Thatcher spirit is with Milei ... like all the allies of freedom
It'll take a decade of dedicated work to fix 50% of Argentina. Giving into the temptation of "quick fixes" will only be worse.
Smart men in mathematics that's good for Argentina💪👏love it.. 🌍
LONG LIVE FREEDOMM!!
I admire President Milei and I wish there were ways that we could help him and Argentina to become the success story that it truly deserves. Argentina is buried under mountains of layers of bureaucracy and I believe Argentina needs legal, economic and other structural reforms. I believe the majority of the Argentineans who elected President Milei truly feel the need for structural changes.
Thank you very much...
Got the money for a specy floating cam but so poorly lit? Is this an concious effort to make him and the interviewer apear two faced?
His explanation on the relationship of central bank's balance sheet insolvency and inflation rate is so deep. I really need a textbook on this topic for better comprehension.
Quality
if only this guy could replace Ursula van der Leyen
Indeed!
Viva Argentina! Viva Milei !
President Miele of Argentina 🇦🇷 💙 much love and respect 🙌 ❤ 🙏 🇨🇦
Milei😊
Bloomberg still represents Americans Governments values, so if youre confused about the bad interview its because it reflects poorly on American powers when Milei is successful, more people are going to ask "Why arent we doing this?" "Why cant we accomplish this if he can?" So bloomberg has an investment in asking childish questions like "Why isnt everything fixed yet" "arent people sad they cant get free stuff recently and destroy the country further?"
I have half a mind that Milei's 'dollarization' platform was, to a significant degree a rhetorical political strategy with an eye to getting elected. Why do I say this? How could an orthodox Austrian want to import a currency and monetary regime (that of the U.S.) that has been based for years, at least until the recent tightening, on excessive credit expansion? Wouldn't such an economist and technocrat vastly prefer a gradual process where a sovereign currency in the form of a strong Argentine peso was established, such that saving, investment, capital accumulation, productivity growth, and real wage growth were all optimally incentivized (as opposed to consumption and malinvestment)?
He wants currency competition. Dollarization it's just a marketing term because argentinians use the US dollar as reserve of value.
@@adamjensen6254 Thanks. That's more or less what I figured. But if he wants currency competition, I think Argentina should hope the peso wins and not the dollar in the long run. But perhaps Milei views "dollarization" this way also, ironically.
USD is the obvious choice.
When your inflation is 200% USD inflation at ~3% seems rather utopian.😂😂
US central bank won’t worry Argentina.
@@whowhy9023 Milei's whole objective is to smash hyperinflation. If Austrian economics is correct AND Milei gets the reforms he wants, my point is that the peso could become better than the dollar by the time the currency competition resulted in a winner. But your point is obviously taken.
@@whowhy9023 also, it's not obvious to me that official cpi stats tell the whole picture of what inflation is. The world has never seen the counterfactual of what would happen if you could get undistorted supply and demand for money.
We have a brilliant President with TWO MASTER'S DEGREES IN ECONOMIC. He is a genious in the way he explains, is like he is reading the numbers inside his head
I hope Milei can succeed improving the live of the people in Argentina. I feel for those workers that lost their jobs , hoping that their sacrifice is short lived🙏🙏
letting average politicians run your economy is like letting your bus driver do complex surgery.
Yo sigo a Milei desde que aparecia en programas Argentinos y lo hacian en forma de comedia. Poco a poco fue ganandose la popularidad de la gente ya que todo lo que dice tiene sentido y lo respaldan los datos. Espero que a Milei le vaya muy bien, por el bien de Argentina pero tambien de los demas paises Latinoamericanos. Si a Milei le va bien y Argentina mejora su situacion, la gente de los demas paises de la region va entender que el camino a la prosperidad es por medio de la Libertad y no del Socialismo que tiene hundido a tantos paises en este continente.
I should have expected that Milei would mention Hayek.
Bloomberg, give the guy some credit because we see improvements and he has only been in 3 months. He took over a disaster and the ship is starting to turn in such a short time, and you demand more, quicker? Seems to me like you want him to fail. Shame on you. Can't you just celebrate his success?
This just shows that countries can be fixed from the top down with a conservative leader
I prefer close captions over a voice over because I understand Spanish.
❤😊👍👍great interview.
Milei! Singlehandedly saving Argentina. Full of love and willingness to educate his population
Best of luck, Javier Milei!
I am a United States expat who arrived Argentina 20 years ago and am a permanent foreign resident. My opinion is when President Milei speaks it is the sound of hope coming out of the darkness. During a newspaper interview soon after my arrival in Argentina, I predicted the the United States could learn the politics of economics from Argentina. Most people laughed at me. Today, Milei is making my prediction real. My hopes are for Argentina and that the United States is listening. Ándale!
You 're a prophet