All the Answers
Well-known member
Javier Milei defended the economic course: “Throw away the Bases Law, we are going to achieve everything despite the politics” - Infobae
Source:
Javier Milei defendió el rumbo económico: “Tiren la Ley Bases, vamos a lograr todo a pesar de la política”
El Presidente cerró la cena de la Fundación Libertad. Hizo una fuerte reivindicación de su gestión, elogió a sus funcionarios y criticó a la oposición y a economistas. “La economía va a subir como pedo de buzo”, manifestó
www.infobae.com
April 24, 2023
The President closed the Libertad Foundation dinner. He made a strong claim to his management, praised his officials and criticized the opposition and economists. “The economy is going to rise like a diver's fart,” he said.
Javier Milei on the Bases Law
Javier Milei made a long and strong speech at the closing of the Fundación Libertad dinner , before an auditorium full of officials, former officials, economists and different actors from politics, culture and entertainment. There, the President made an important defense of his economic program and criticized the opposition and economic consultants.
To show the confidence he has in the direction of his management, the president expressed: “There are three central elements: fiscal, monetary and exchange policy. We found a 200% gap. The same people who say that there was an exchange rate delay and said that we had to put the dollar at 600, we took it to almost a thousand and lowered inflation. The other is fiscal policy. Zero deficit. We started to look through the numbers and we were talking to Toto (Caputo), I got bullish, poor Guillermo Francos was suffering, I told him 'throw away the Bases Law, throw away everything because we are going to achieve all this despite the politics. We achieved what was impossible in the first month.”
"The group of miscreants said 'it's a little bit of a chainsaw and a lot of a blender.' Ask what happened to discretionary transfers and intermediaries. Most of the adjustment is chainsaw,” she stated. Furthermore, he stated that “sometimes the blender, if it becomes permanent, is also a chainsaw. It is a matter of time, until we finish stabilizing.”
Milei sobre equilibrio financiero en Fundación Libertad
Milei sobre equilibrio financiero en Fundación Libertad
cdn.jwplayer.com
Milei on financial balance at Fundación Libertad
During the speech Milei stressed that “the real scam” consists of “the monetary issue” and added that “if you had a growing economy and the BCRA issues, what happens is that inflation is zero, but there is a scam, because if they had not issued there would be deflation, which is something healthy.”
Regarding deflation, the president considered that “deflation is not bad, it implies returning resources to the people.” In this framework, he questioned the previous government by detailing that 28 points of GDP were issued, while “in the last year they issued 13. They left us with a bankrupt BCRA, with a ratio of remunerated liabilities 4 times to one. When we did the math we were going to have an inflation of 15 thousand percent.”
Javier Milei made the closing speech of the Libertad Foundation
When addressing inflation, the President criticized Governor Axel Kicillof by treating him like “that boy, who is in the province, the Soviet, says that it is an exaggeration” and questioned him because “they do not even know the calculation of what inflation is like.” which is an exponential.”
For this reason, Milei defended the government's economic plan by maintaining that " the drop in country risk predicts that the economy will rebound in the future, which is why they are so nervous and use noble causes to try to destabilize a government ." They know they are going to lose and they don't come back again. When the year ends we will have returned 15 points of GDP in savings to the private sector. Do you want to know how the economy is going to grow? It's going to rise like a diver's fart . "
Milei criticó al gobierno de Alberto Fernández
Milei criticó al gobierno de Alberto Fernández
cdn.jwplayer.com
The president took advantage of and criticized economists who question the lack of a comprehensive plan . In this regard, he asked himself: “They want a five-year plan? I am not a communist, I am a libertarian liberal, that has to be determined by businessmen, not by a bureaucrat. As much as it may be to politicians, they are not God, they are worse than the average human being. When I entered politics, a journalist aggressively asked me what I thought now? and I said that I was wrong, politicians are much worse than I imagined,” he stated.
Critical of some political sectors, Milei made reference to the complaint received for promoting the flight of dollars. “When I say that the one who ran away with money is a hero, an idiot comes and he makes a judgment on me. It's great, that is, the stream accusing the honest, it couldn't be clearer. That is why it is no coincidence that we have 100 years of decadence, if we have a burnt head of socialism in our blood.”
(Liberty Foundation)
“Beyond all this, what I want now is basically to finish what we have done. How are we achieving the inflation rate : a zero deficit program where we fully attack public spending, where obviously in the first part we overreacted ,” the president explained. And he highlighted that the “reorganization of the BCRA meant that from having a quasi-fiscal deficit of 10 points of GDP, today it is at 4 and on its way to 3″.
Faced with the economic expectations he has, the President explained that in the next inflation rate “we are going to add another point. There is no historical record in the history of humanity of an adjustment of such caliber in 3 months. Not only that, if you look at analysts like the IMF when we arrived they expected an inflation of 250%... I mean... it was an optimistic case. Well, today the IMF expects this year's inflation to close at 150%, so between now and the end of the year the average inflation has to be 5.5% . “We are achieving it, we are ending inflation.”
Optimistic about the results of the economic measures implemented, Milei stated that “the IMF is always very aggressive with projections, this time it fell short with the projections because it is falling faster, whenever the things they proposed seemed to be the bogeyman, we “We are doing it faster.”
“If we want to raise the quality of life of Argentines, we must attack the fiscal deficit, we must attack public spending not only at the national level, but also at the provincial and municipal level . We must sweep away the treasury in all dimensions. This is the source of our impoverishment, the source of the fact that people do not have enough money, there are so many poor people, so many indigents and that there are a lot of Argentines starving themselves to death. It is the fault of the damn politicians who do not want to lower public spending. ”, questioned the president.
