Lex Fridman Podcast full episode: ua-cam.com/video/8NLzc9kobDk/v-deo.html Thank you for listening ❤ Check out our sponsors: lexfridman.com/sponsors/cv8257-sa See below for guest bio, links, and to give feedback, submit questions, contact Lex, etc. *GUEST BIO:* Javier Milei is the President of Argentina. This episode is available in both English and Spanish. *CONTACT LEX:* *Feedback* - give feedback to Lex: lexfridman.com/survey *AMA* - submit questions, videos or call-in: lexfridman.com/ama *Hiring* - join our team: lexfridman.com/hiring *Other* - other ways to get in touch: lexfridman.com/contact *EPISODE LINKS:* Javier Milei's X: x.com/JMilei Javier Milei's Instagram: instagram.com/javiermilei Javier Milei's Facebook: facebook.com/JavierMileiEconomista *SPONSORS:* To support this podcast, check out our sponsors & get discounts: *Eight Sleep:* Temp-controlled smart mattress. Go to lexfridman.com/s/eight_sleep-cv8257-sa *NetSuite:* Business management software. Go to lexfridman.com/s/netsuite-cv8257-sa *BetterHelp:* Online therapy and counseling. Go to lexfridman.com/s/betterhelp-cv8257-sa *AG1:* All-in-one daily nutrition drinks. Go to lexfridman.com/s/ag1-cv8257-sa *LMNT:* Zero-sugar electrolyte drink mix. Go to lexfridman.com/s/lmnt-cv8257-sa *PODCAST LINKS:* - Podcast Website: lexfridman.com/podcast - Apple Podcasts: apple.co/2lwqZIr - Spotify: spoti.fi/2nEwCF8 - RSS: lexfridman.com/feed/podcast/ - Podcast Playlist: ua-cam.com/play/PLrAXtmErZgOdP_8GztsuKi9nrraNbKKp4.html - Clips Channel: ua-cam.com/users/lexclips *SOCIAL LINKS:* - X: x.com/lexfridman - Instagram: instagram.com/lexfridman - TikTok: tiktok.com/@lexfridman - LinkedIn: linkedin.com/in/lexfridman - Facebook: facebook.com/lexfridman - Patreon: patreon.com/lexfridman - Telegram: t.me/lexfridman - Reddit: reddit.com/r/lexfridman
@@EJH783Thats ltrly 100% untrue hes cutting the departments that r wasting the most money with least results, hes ltrly a profesor in macro economics dude
I dread having to read a tiny, ever-escaping line of text for 2 hrs, while trying my hardest to ignore the audible portion in Spanish and not missing any vital seconds of info when my eye is not permenately glued to the screen
I was in Argentina, the inflation really is terrible. Probably the worst part about the country. Even as a tourist with Dollar Blue I felt the rising prices of meat for example. I see too many distortions in the economy. Everything is there, the resources, farming, the people are really friendly. One person in the gondola said "when we got rid of the English, we really should have shouted, "Wait! Come back!", referring to the Spanish influence on the country. I agreed, but then when I got back home, I had a bigger think about it, Angl-Egyprian Sudan, Bangladesh, Uganda, it gets worse.... Somalia, Burma, Nigeria, Sierra Leone, Southern Rhodesia (Zimbabwe). Too much oligarchy in the media space and too much regulation leaning on certain industries for tax revenue.
now you know that when people complain about inflation in the US there is no factual idea of what inflation is or how bad can it get. haha. we are very glad that things are starting to get organized . That man at the gondola who said that about the Brits is totally incorrect, as you rightly figured. we would not be such great people if the british had stayed. kicking out the pirates is the best thing we did. everything else that came after made us a great country, until mid 20th century. If the brits had stayed we could be saxons, therefore, inhumane. Perón is the worst thing that happened. Perón was a fascist who ended up mixing rihgt and left ideologies and turned the political spectrum to a whatever is needed for the party shall be done, which ended up changing our culture so much that the modern argentine stereotype is that of the "chanta" (blackmailer or just simply a cheating scum). That party ruled for a long time, until the Kirchners, who were the worst.
I'm from El Salvador , Bukele is a publicist, and that is why he knows how to market what he does. The only thing we are grateful for is solving the gang problem. However, his government is one on the least transparent and highly corrupt.
I see you cant read because last inflation number of argentina was 2.7% that month, when in December was proyected 30% that month, it ended being 25% and down constantly, the inflation number of 2.7% in a month is the lowest since 2021, and Milei is talking about the proyected inflation if things keep going as it is, it wasnt that hard to understand. Btw the 2023 acumulated inflation was 211% that year, and an acumulated inflation average of over 900% during the previous president term.
190 is the annual rate inflation which come with delay so is still inflated with the worst numbers of past year, when Milei rate reflect only this year inflation it will show less, because around 150% is old data. The 2.5 is the monthly inflation and is not showed on media, they try to show only the worst numbers to make look Milei is bad president. Most media is leftis
Why is it dubbed and not just subtitled? A lot is lost in the dubbing and I'd rather listen to Lex' questions in English and Milei's answer in Spanish.
in theory it isnt that bad. you would be making 7000% more money by next year. (the real issue is that the money is a turbo deflationary asset so you cant use it as a medium of transfer. you would instantly spend any money you have on a can of soup because it keeps it's value.) If you take out a loan and buy a home, your home would be 7000% more expensive by next year. dont get me wrong, hyper inflation is absolutely terrible
actually no you cant because when inflation is that lose, credits dissapear because credit interest are eaten by inflation rates meaning heavy loss for the loaner, so loans dissapear, as it was in argentina banks only loaned to the goverment generating more inflation and loans for buying or investing were gone completely, but now since Milei not only cut money printing also cut the deals with the banks, so banks now are forced to work as banks with the people and giving the falling inflation.... loans are back in the argentinian market.
@@andressousa9006 Ya i totally agree. everything goes to hell. Nobody has ever said "thank god we have 10,000% inflation". Usually people just refuse to use the currency and go to barter system/foreign stable currency. Until the system is fixed with reform it is simply unusable.
inflation went from 25% on december, to 2% on october. on december importers could not pay to their sellers because the state cheated on them by promising a price for the dollar(importer) and later didnt deliver them, causing a lack of parts and supplies in argentina, today there is not such lack of dollars for importation. the gap between official dolar to the market dollar went from 200% on december to 7% today(november). you can already see that he is deliverying
lol sure... the "lunatic" has inflation on a constant fall since he took office, bank loans are back in the market, they achieved the lowest inflation number in the last 4yrs, violent crime went down 60%,pensions went up from 87$ a month to over 200$ while the socialist for the poor previous vice president and also former president had a pension of 36k$ btw. Market consumption is going up, wages have started to grow above inflation levels, slowly but growing, taxes going down, regulations going down... yeah... "lunatic"
no he doesnt, I mean he does speak it but he's not fluent in it. If he makes a mistake speaking english I think is more delicate and serious that if the translator makes a mistake
@@gehwissen3975how? Fixing a broken system that installed bs jobs in between the people and the gov. Everyone is better off, except the people in jobs that never should have been. The government was draining the system. Which is what is happening in the US
Good luck to Argentina. People should not be paid to stay home or have infinite babies, work or die and dont become deadload on working class. In Brazil, people have 8-10 kids because that gets them more government free money. Prostituting, Drugs, poverty and crime is what those kids have in future.
If you look at the stat, it was rising significantly before his administration and this simply continued with him. The last couple months have been wonderful by comparison and poverty is legitimately lowering. Look at the stats!
@ I absolutely hope he succeeds. We need a shining example of capitalism working. I understand that the adjustment to free markets will be tough on many people and I really hope it works out for them.
I feel like this is the first time hes been given this large of a platform. Might not happen again, best to get everything he wants to say out now then to do it later on smaller platforms and then it gets more and more twisted by word of mouth
His ego is huge. I think he is full of crap. He did receive a broke country in a terrible situation. I don't think there is much to improve in one presidential period. When he leaves nothing would be improved
He defends Freedom. I'm not going to attempt to change your mind, but please pay attention to what will happen in Argentina. Have an open mind. You'll see that less state involvement and more freedom creates wealth in a nation.
@gehwissen3975 Cristina Kirchner will be sentenced for her crimes. Inflation from 30% to 2.7% monthly. The firing of 50000 public employees. Budget surplus for the first time in 16 years. Current annualized growth (yearly) of 8.5 percent GDP. The country's risk has been cut by a third. Disposable income increased slightly. A poverty rate decreasing strongly (following a large increase under him).
True, the poverty rates come down from 57 to 46... That's huge improvement, and if keep like this Argentina will eliminate poverty in just couple years more, going down from up to 11 percent yearly
@@ZeekoRamencompounded means, the 1% inflation applies over the 1% increase of the previous day as well. So if something costs $100, next day is $101 next day increases 1% of $101 not the original price ($100).
Lets say you have a running inflation of 10% daily. And you want to calculate the inflation after a week. You would think its 70%? Wrong. Lets say something costs $100. Original Price: $100 Monday: $100 + 10% = $110 Tuesday: $110 + 10% = $121 Wednesday: $121 + 10% = $133 Thursday: $133 + 10% = $146 Friday: $146 + 10% = $161 Saturday: $161 + 10% = $177 Sunday: $177 + 10% = $195 So the inflation when compared with the original price was ~95% not 70%.
Lex Fridman Podcast full episode: ua-cam.com/video/8NLzc9kobDk/v-deo.html
Thank you for listening ❤ Check out our sponsors: lexfridman.com/sponsors/cv8257-sa
See below for guest bio, links, and to give feedback, submit questions, contact Lex, etc.
*GUEST BIO:*
Javier Milei is the President of Argentina. This episode is available in both English and Spanish.
*CONTACT LEX:*
*Feedback* - give feedback to Lex: lexfridman.com/survey
*AMA* - submit questions, videos or call-in: lexfridman.com/ama
*Hiring* - join our team: lexfridman.com/hiring
*Other* - other ways to get in touch: lexfridman.com/contact
*EPISODE LINKS:*
Javier Milei's X: x.com/JMilei
Javier Milei's Instagram: instagram.com/javiermilei
Javier Milei's Facebook: facebook.com/JavierMileiEconomista
*SPONSORS:*
To support this podcast, check out our sponsors & get discounts:
*Eight Sleep:* Temp-controlled smart mattress.
Go to lexfridman.com/s/eight_sleep-cv8257-sa
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Go to lexfridman.com/s/netsuite-cv8257-sa
*BetterHelp:* Online therapy and counseling.
Go to lexfridman.com/s/betterhelp-cv8257-sa
*AG1:* All-in-one daily nutrition drinks.
Go to lexfridman.com/s/ag1-cv8257-sa
*LMNT:* Zero-sugar electrolyte drink mix.
Go to lexfridman.com/s/lmnt-cv8257-sa
*PODCAST LINKS:*
- Podcast Website: lexfridman.com/podcast
- Apple Podcasts: apple.co/2lwqZIr
- Spotify: spoti.fi/2nEwCF8
- RSS: lexfridman.com/feed/podcast/
- Podcast Playlist: ua-cam.com/play/PLrAXtmErZgOdP_8GztsuKi9nrraNbKKp4.html
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Cutting spending shouldn't be considered radical.
He’s only cutting the spending he doesn’t personally like
@@EJH783 thank you for showing us you dont know what the fuck you are talking about and your comment is just your visceral opinion.
@@EJH783Thats ltrly 100% untrue hes cutting the departments that r wasting the most money with least results, hes ltrly a profesor in macro economics dude
@@EJH783what are you basing this off of?
@@EJH783ok buddy, sticking to your socialist guns
You should post both without and with English translation
He did in the full interview
hate that dubbing
I dread having to read a tiny, ever-escaping line of text for 2 hrs, while trying my hardest to ignore the audible portion in Spanish and not missing any vital seconds of info when my eye is not permenately glued to the screen
"The real tax burden is the size of the state" what an amazing way to put it
I want to hear the words he spoke. It’s not that I don’t trust the translator but, you know, I don’t.
The first minute of what Milei was saying didn't make any sense. Don't know if it was the translation or if Milei was misspoken, or lying.
@@ZeekoRamenrather both
you can search for this part in the full video and set the audio in Video settings to "english UK' which is going to be the original
"GHG effect is Bs" should be enough. Milei is another idiot.
You have a Spanish version in the full-length video
The world elite are terrified of Milei
Powerful. What he can recite, without notes, without hesitation….amazing
I was in Argentina, the inflation really is terrible. Probably the worst part about the country. Even as a tourist with Dollar Blue I felt the rising prices of meat for example.
I see too many distortions in the economy.
Everything is there, the resources, farming, the people are really friendly.
One person in the gondola said "when we got rid of the English, we really should have shouted, "Wait! Come back!", referring to the Spanish influence on the country.
I agreed, but then when I got back home, I had a bigger think about it, Angl-Egyprian Sudan, Bangladesh, Uganda, it gets worse.... Somalia, Burma, Nigeria, Sierra Leone, Southern Rhodesia (Zimbabwe).
Too much oligarchy in the media space and too much regulation leaning on certain industries for tax revenue.
now you know that when people complain about inflation in the US there is no factual idea of what inflation is or how bad can it get. haha. we are very glad that things are starting to get organized .
That man at the gondola who said that about the Brits is totally incorrect, as you rightly figured. we would not be such great people if the british had stayed. kicking out the pirates is the best thing we did. everything else that came after made us a great country, until mid 20th century. If the brits had stayed we could be saxons, therefore, inhumane.
Perón is the worst thing that happened. Perón was a fascist who ended up mixing rihgt and left ideologies and turned the political spectrum to a whatever is needed for the party shall be done, which ended up changing our culture so much that the modern argentine stereotype is that of the "chanta" (blackmailer or just simply a cheating scum). That party ruled for a long time, until the Kirchners, who were the worst.
so true. I remember the supermarket shelves being empty at the price controls. So great to hear Argentina doing so well
What part of Argentina u dummy.. is worst every day
Wow what an intelligent man. How refreshing.
He actually studied economics too
@@alex10291 ARG has some of the best economic minds .
What are you talking about this guy spiked poverty by 50% 😂😂
The first minute he said something that didn't make any sense 😂
Another 'Stable Genius' shooting his ppl.
If you all can just read the description you will see it’s also in Spanish no translation!!!! People read!
Where can I hear this in spanish ?
ua-cam.com/video/8NLzc9kobDk/v-deo.html
watch the full podcast
Is there a Spanish version?
Yes
man... is the interview available with subtitles instead of dubbing?
When can we get the El Salvador president?
I'm from El Salvador , Bukele is a publicist, and that is why he knows how to market what he does. The only thing we are grateful for is solving the gang problem. However, his government is one on the least transparent and highly corrupt.
@@diegochevez1540 no one is ever going to 100% happy.
@@diegochevez1540what do you mean his government is corrupt? You mean more corrupt than the previous ones or less corrupt but still corrupt?
2.5% inflation annually??? Why it says in the internet that argentinia had last month a inflation rate of 190%??
190% is the average rate(accumulation) , 2.5% is the last month rate
I see you cant read because last inflation number of argentina was 2.7% that month, when in December was proyected 30% that month, it ended being 25% and down constantly, the inflation number of 2.7% in a month is the lowest since 2021, and Milei is talking about the proyected inflation if things keep going as it is, it wasnt that hard to understand. Btw the 2023 acumulated inflation was 211% that year, and an acumulated inflation average of over 900% during the previous president term.
190 is the annual rate inflation which come with delay so is still inflated with the worst numbers of past year, when Milei rate reflect only this year inflation it will show less, because around 150% is old data. The 2.5 is the monthly inflation and is not showed on media, they try to show only the worst numbers to make look Milei is bad president. Most media is leftis
The President cites data from JP Morgan, Argentinian economists, as well as Textbook principles of Macroeconomics.
Lex, I would love to see the logistics that went into this interview.
Why is it dubbed and not just subtitled?
A lot is lost in the dubbing and I'd rather listen to Lex' questions in English and Milei's answer in Spanish.
The original audio was previously dubbed into Hokkien Chinese.
release them without any translation and just put CC
imagine trying to ever pay down a credit card with 7000% annual interest . 🍌bananas
in theory it isnt that bad. you would be making 7000% more money by next year. (the real issue is that the money is a turbo deflationary asset so you cant use it as a medium of transfer. you would instantly spend any money you have on a can of soup because it keeps it's value.)
If you take out a loan and buy a home, your home would be 7000% more expensive by next year.
dont get me wrong, hyper inflation is absolutely terrible
actually no you cant because when inflation is that lose, credits dissapear because credit interest are eaten by inflation rates meaning heavy loss for the loaner, so loans dissapear, as it was in argentina banks only loaned to the goverment generating more inflation and loans for buying or investing were gone completely, but now since Milei not only cut money printing also cut the deals with the banks, so banks now are forced to work as banks with the people and giving the falling inflation.... loans are back in the argentinian market.
@@andressousa9006 Ya i totally agree. everything goes to hell. Nobody has ever said "thank god we have 10,000% inflation". Usually people just refuse to use the currency and go to barter system/foreign stable currency. Until the system is fixed with reform it is simply unusable.
Can U put is part in Spanish please
read the description
Can we get an untranslated interview?
It’s also in Spanish
Post Spanish one please
It’s In Spanish as well
Hope this catches on globally.
make Argentina. Great again.
Anyway to watch this without dubbing the Spanish?
This interview's audio made no sense. I don't know if it's a translation issue or if Milei had a stroke.
The whole world does not speak English. Obviously he is speaking his native Spanish and a translator is interpreting live.
It's translated using eleven labs an AI tool 😅
what part made no sense? also I think the spanish version is up
It was fine, Milei is an economic genius.
Indian accent Milei strikes back
Viva la libertad carajo!!!
Argentina and El Salvador are beacons of progress man
“Progress” 😂
Progress ?😂 In Argentina? 😂
I call it high level fraud but we'll see.
Socialism is high level fraud and the result is there to see.
inflation went from 25% on december, to 2% on october.
on december importers could not pay to their sellers because the state cheated on them by promising a price for the dollar(importer) and later didnt deliver them, causing a lack of parts and supplies in argentina, today there is not such lack of dollars for importation.
the gap between official dolar to the market dollar went from 200% on december to 7% today(november).
you can already see that he is deliverying
The guy is an economist. Not some dingus politician who has no idea what he’s doing
Based on what ? Your feelings getting hurt ?
Fraud with a support of 56% votes, and never go down on all this year... Yeah that look like fraud 😂😂😂
We need Milei in Germany.❤
Being bilingual, this is unbearable to hear, knowing I could understand him; but the translation robbing us of his intonations.
I think the full podcast is on without the dubbing, read the description and first comment
Spoiler: they didn't.
It warms my heart that these lunatics always fail, and the people who agree with them suffer.
Wonderful.
Peronists?
@@henryliciousrealist
Tanto amor empalaga .
This guy is a champion of the people, you garbage Reddit communists can’t handle real life success.
lol sure... the "lunatic" has inflation on a constant fall since he took office, bank loans are back in the market, they achieved the lowest inflation number in the last 4yrs, violent crime went down 60%,pensions went up from 87$ a month to over 200$ while the socialist for the poor previous vice president and also former president had a pension of 36k$ btw. Market consumption is going up, wages have started to grow above inflation levels, slowly but growing, taxes going down, regulations going down... yeah... "lunatic"
What's funny is he does actually know and speak English
no he doesnt, I mean he does speak it but he's not fluent in it. If he makes a mistake speaking english I think is more delicate and serious that if the translator makes a mistake
He doesnt dude he knows the sane amount of Spanish that Obama knows Hebrew 💀💀
Dislike the connotation of the title.
The intellectual Wolverine of south America.
Running a country with real ppl is very very similar to Hollywood movies. Ya think. 😂😂 Milei is insane.
@@gehwissen3975 - And a doctor of economics.
@@Historiskafilmer my PhD in linguistics don't made me smart nor a good human. What's your point? Milei is an idiot.
@@gehwissen3975how? Fixing a broken system that installed bs jobs in between the people and the gov. Everyone is better off, except the people in jobs that never should have been. The government was draining the system. Which is what is happening in the US
lmfao I know literal rockets scientists and neuroscientists that are idiots and can't find a career. So what?@@Historiskafilmer
Vamo´ Peluca!
Good luck to Argentina.
People should not be paid to stay home or have infinite babies, work or die and dont become deadload on working class.
In Brazil, people have 8-10 kids because that gets them more government free money.
Prostituting, Drugs, poverty and crime is what those kids have in future.
Argetina is being punished for something that happened after the end of a great conflict that happened years ago
I like this guy
I thought Liberache passed away years ago 🤔
Lol. Spitting image. Your comedy is appreciated.
53% poverty.
Right now. So far. But from now it should shift downward .
@@GaminHasardwatch it. May be the chain saw is dumb.
If you look at the stat, it was rising significantly before his administration and this simply continued with him. The last couple months have been wonderful by comparison and poverty is legitimately lowering. Look at the stats!
all from guys who govern argentina for 16 years, no from the guy who goes 11 months
Inherited you dunce
It’s too soon to tell.
not really...
@ I absolutely hope he succeeds. We need a shining example of capitalism working. I understand that the adjustment to free markets will be tough on many people and I really hope it works out for them.
Fenómeno barrial
This wasn’t an interview at all. He just went on and on. What’s going on here…
Let the man tell us what’s he’s doing
I feel like this is the first time hes been given this large of a platform. Might not happen again, best to get everything he wants to say out now then to do it later on smaller platforms and then it gets more and more twisted by word of mouth
@@iReactTLet him lie........ 😂
How is that - you trust a politician a 100%? Why tf
@@gehwissen3975 point out the lies please
@gabrielterrero4494
Milei denies climate change. Everybody knows. Why asking?
His ego is huge.
I think he is full of crap.
He did receive a broke country in a terrible situation. I don't think there is much to improve in one presidential period.
When he leaves nothing would be improved
what!? qué!? cambió demasiado en un año!!!! qué decís?
Lmfao I can't believe he is lying as Argentina tanks.
? All the data says it’s doing way better than it was before he took office
He ltrly lowered inflation which hasnt been done in decades ur just a communist whos mad cuz his dumb ideology failed 💀
What for silently and obediently people chose market relations of capital$m ?
And so we got the Olympics of Animal Husbandry 🦈
These podcast episodes 'Interviews with Psychopaths' - tbh I don't like.
Climate change deniers in a row are quite disgusting. Lex has lost his mind.
That smear agenda is falling apart. You are losing and no one cares
He defends Freedom.
I'm not going to attempt to change your mind, but please pay attention to what will happen in Argentina. Have an open mind. You'll see that less state involvement and more freedom creates wealth in a nation.
Lighten, up Klaus Schwab
@@KolyaBennett you talk about a bright future - which is not there. But you trust in Milei. Fine.
Why Xavier is lying about climate change?
@gehwissen3975 Cristina Kirchner will be sentenced for her crimes.
Inflation from 30% to 2.7% monthly.
The firing of 50000 public employees.
Budget surplus for the first time in 16 years.
Current annualized growth (yearly) of 8.5 percent GDP.
The country's risk has been cut by a third.
Disposable income increased slightly.
A poverty rate decreasing strongly (following a large increase under him).
SMT IV
The poverty in Argentina, speak for itseld
True, the poverty rates come down from 57 to 46... That's huge improvement, and if keep like this Argentina will eliminate poverty in just couple years more, going down from up to 11 percent yearly
If inflation was going up 1% a day and there's 365 days in a year, which would make it 365% annually. How is it 3700%? 😂
1% compounded per day I think is what he meant
@@RichReflectionzwhat's the difference?
@@ZeekoRamencompounded means, the 1% inflation applies over the 1% increase of the previous day as well. So if something costs $100, next day is $101 next day increases 1% of $101 not the original price ($100).
Lets say you have a running inflation of 10% daily. And you want to calculate the inflation after a week. You would think its 70%? Wrong. Lets say something costs $100.
Original Price: $100
Monday: $100 + 10% = $110
Tuesday: $110 + 10% = $121
Wednesday: $121 + 10% = $133
Thursday: $133 + 10% = $146
Friday: $146 + 10% = $161
Saturday: $161 + 10% = $177
Sunday: $177 + 10% = $195
So the inflation when compared with the original price was ~95% not 70%.
You are dumb
Notice he is so inaccurate and vague about statistics. It's because they didn't
how is that so?
Which statistics?
Learn English bro, I can’t watch this