How Javier Milei is beating inflation 

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in our country.

He’s fixing the problem which means he will be voted out in the next election to the candidate who will promise free stuff.

Who would ever have guessed that when you stop printing money out of thin air you cause lower inflation.

So not spending a shitload of money on useless stuff is good for the economy. Who would've thunk it.

The main difference between Keynesian economists and Austrian economists is that the Austrians are right.

What's unique about Milei among almost all past century Argentina's president's is that he's has the clear water goal of lowering government spending no matter what ( he makes that clear pretty often 😅 ) and that he's practical enough as to postpone many libertarian policies in order to make this change not only economically possible but politically possible. Greetings from Argentina!

“A successful entrepreneur is a hero.” -Javier Milei 🙏🏽

It's not only that Milei's measures have drastically reduced inflation. It's that the official inflation rates before his election were false, since the Peronist government was using price control mechanisms to hide inflation. Most importantly, the fake exchange rate that kept the official price of the USD around 400 pesos, or in relative terms, a 200% distortion. As soon as he got into power, Milei immediately regularized the rate to basically the real market one, around 1000 pesos. And although he still hasn't been able to undo all of the price controls the Peronists put in place, he has undone many of those, which obviously has had an immediate short term impact on the nominal prices of many goods, contributing to the inflation rate under Milei. And even with that in mind, he is still crushing the results of the Peron mafia, obviously.

How people didn't expect than an economist would be a better fit for beating inflation than a politician...

The woman in this video sure contributed such insightful wisdom to the conversation.

Watching this, all I can think is that I wish we had serious adults running our country as well. Our politicians just seem so petty compared to this guy.

Producing these good results in his first five months shows that Milei clearly knows what he's doing. Of course there's more to do, but consider that most experts in Argentina believe what Milei did just wasn't possible.

Fighting inflation is like weight loss. People think it's "hard" (not to say it's "easy") because, not only does it not happen overnight, but we're so attracted to the "fun things" that got us to the problem. No one really WANTS to give up the things that make us, well, DISTRACTED, really, from the problem, but the problem IS killing us, so, in order to solve the problem that would, ultimately, do us far more good, we must CHOOSE the "hardship" whether it's the pleasure of fast food whenever the mood hits you or the nice tax-payer-funded program that we don't have to think about for diet & exercise or cutting programs & taking up more ACTUAL charity. The only real difference is that the inflation hurt more people than just one person (the person doing the damage is also the person who directly suffers the most), so there are many people who stand to benefit from screwing-over a "fellow citizen" without really feeling the pain of the taxes it imposes on others.

Trump needs to fire 25% of the Federal government if he gets in. Joe said there are plenty of jobs wanting to hire. Right?

I guess the race is on to fix Argentina before the WEF hit squad takes him out.

"Nobody" expected it? Anyone familiar with 'Austrian School' new full well he could turn round that economy, if he could push his reforms through.

Let me guess. He lowered spending and debt. Economics is so easy I can't believe it's a university major.

Uhhh . . . that's pretty good AI dubbing of his speech.

Oh wow, who would've thought the Austrian School of Thought was correct.

Cutting taxes, GOVT bureaucracy and regulation will always lead to amazing results.

Wait, Milei wasn't actually speaking english in that conference? That was an AI translation AND dub? Ok, that's just fuckin' cool. And not even a little bit dystopian.

Nobody expected that? What about the majority of argentinians that voted for him?

Get rid of wasteful, inefficient government. Good things will happen. Youbgo Javier.

Liz' POV changed my mind on the topic

Gloria Alvarez is sitting in her bathtub eating a pint of icream crying, hating Milei is actually doing exactly what he said he would and is being successful

It turns out that math works, who could have seen that coming.

Liz Wolf's commentary was amazing.

Milei is a hero of Liberty.

These deep fake translations are easily my favorite use of artificial intelligence.

Not going to lie both Milei and the ai translation are amazing

This relates to the US problem. The Fed Prime rate doesn't curtail government spending. That is why our inflation remains too high. And to make matters worse, the Fed buys Treasury to support the government spending. At the same time squeezing the tax payers with higher interest rates?

Nobody expected this? I expected this. I knew as soon as he was elected that this would happen.

Ignoring the content for a moment, the AI dubbing is really impressive! It even gives him a slight Argentinian accent, and dubs his lips to almost perfection. I didn’t realize until halfway through that it might be AI, as I was just listening to the video and didn’t see the disclaimer.

Short term pain. Real pain, pain that we in the US do not understand truly is what is needed in order to get back to “normal” America and all of the west will inevitably go through the same setbacks and pain if they continue down Marxist economic policies.

Stabilize the economy ? You don't stabilize Argentina's economy by borrowing from the International Monetary Fund. The interest alone at 64% will smother Argentina, Mr Miley's perception of fixing Argentina's economy is from the 1930s and even then it didn't work, he should of got on board the BRICS train, the wilting American dollar will not prop up Argentina, it will only keep Argentina in the grips of the IMF and the American Banks with more loans and more interest for the people to pay back.

Great AI translator!

Milei is only doing what people like Friedman said SHOULD be done decades ago, the only surprising thing is that politicians somehow convinced everyone this was a bad idea

🇦🇷🇦🇷🇦🇷 VIVA LA LIBERTAD CARAJO!! 🇦🇷🇦🇷🇦🇷

Nobody thought slashing bureaucratic bloat would reduce inflation? Really? REALLY???

We’ve gone nearly four years without a President and we’re in deep trouble. Can we bortow Javier Milei for a few years?

Best of luck to Milei.

"Young Americans, don't let the system define your fate! Break free from the cycle of debt and financial struggles. Invest in the financial market and take control of your future. Build wealth, generate passive income, and secure your financial freedom. Invest in yourself and create a brighter tomorrow."

Wait, so we're all gonna ignore the fact this is not Milei, this is a translation AI translating everything he is saying in his own voice and with an accent to boot?

It’s good progress so far, but it is still a long road to recovery. The intermediate goal at this point should be to stabilize the currency. But to get there he has to keep lowering spending. The proof that Milei will do it will be how much he can keep cutting spending and how long Argentinians will tolerate it. Constant communication with Argentinians as to what is going on and what his short term goals are and why he has those goals will be the key to his success.

Milei saves Argentina.

If you listen carefully, you can hear John Maynard Keynes wailing from his grave over the destruction of his philosophy.

I like how despite his sometimes avant-garde behaviour he is a very smart and practical guy!

So he turns down BRICS and turns to the IMF and somehow he's revolutionary and an economic winner? Pull-eeze.

"Made the largest adjustments to public spending in history". Bravo!

Cutting government spending decreases demand on goods and services overall and reduces leakage from individuals and businesses from taxes that could go into savings. Anyone who took econ 100 and remember the economic formula will understand this. But that means either Mileli's predecessors were imbeciles or intentionally wanted to destroy Argentina.

"the brink of hyperinflation"? you must have a narrower definition than me. they were already in it.

Does anyone have a link to milei's full speech at the CATO conference? I want to watch it but I can't find it.

5:51 "LambChops" is killing it... Good for him, keep doing what you're doing brother. Oh yeah, and they're still free and on a trajectory for more rather than less. 🎉

🤣🤣🤣🤣 I mean.... I´m argentinean and live in Buenos Aires and I voted for Milei but....🤣🤣🤣🤣🤣, sorry!! 🤣🤣🤣🤣 The truth (and sadly) is the public data from goverment now is (at least for now) as fake as the public data from the former goverment.

Fantastic insight from Liz Wolfe! Brilliant.

I also think the people are aren't rioting right now because Milei acknowledged how bad things actually were, rather than the official numbers. He also told the people things would get harder when the cuts in government benefits started happening.

That ai translation is insane.

The world and specifically the US is seeing how quickly inflation and economies can be reversed.

Shows that the best thing a state can do to improve things is to just get out of the way

Every Austrian School economist expected this

Thank you for your insights.

So, Milei first increased inflation exponentially before decreasing it and taking credit for it. First pour gasoline on the problem then pour water on the raging fire. Brilliant strategy

Nothing will change... just watch

I was like "When did Milei learn english?" lol

Everyone who knows anything about economy, would have seen that mileis action will combat inflation.

I'll go back to this video in a couple of months, see how it has aged

What a surprise !!!!! He stopped printing money and reduced deficit spending … and the UNEXPECTED result of this is less inflation OMG!!! what a shock !!

I admire Milei - he has courage and he is honest to the people

The AI must be altering the video as well, as his lips are mouthing the English translation. Are we sure this is actually him?

I find it absurd that "spend less than what you earn" is such a hard concept for the general public and even economists to grasp when it comes to public spending, especially given the countless examples of countries overcoming poverty by simply being fiscally responsible.

It will take so much pain and stamina to achieve similar economic trends in North America. Plan it carefully!

Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊

If you say nobody expected this, your knowledge of economics is as good as an average people... it is just economic law applied to money offer and demand...

I love AI translation. This is casually Star Trek.

What a great leader !

if there are no Argentinians buying anything, then there can't be any inflation. Milei is a genius. unalive all the Argentinians with poverty starvation and inflation will go down to 0. If only the rest of west also did this lovely tactic in their countries too.

Well, having the people tasked with setting prices in your grift certainly is a YUUGE bonus!

We need to do the same in the USA

His English pronunciation is actually excellent!!

Entitlement reform & massive cuts to government spending combined with mass deportations of illegals and reduced legal immigration can drastically lower prices and revive the middle class.

Literally everybody expected this

Milei masterclass

Apparently all they needed was someone to make them take their medicine.

Tackling hyperinflation means short term pains, but building a future. If you don’t solve that problem you’re just kicking the can down the road ensuring it will get worse.

I hope he speaks more in English so the English speaking world can too hear how brilliant this Man is. Way to go Milei.

Feeling pain is weird framing. They've been feeling pain for decades.

Shocking therapy is the Key! No Pain no gain!😊

It's weird I don't hear about this in the main stream media

30 seconds in - I don't know how I feel about (though I value the transparency of) AI dubbing/translation. Was there human oversight by Reason or CATO to verify the accuracy?

Unfortunately our politicians our too busy one upping each other and making sure they look good for the next election to have what it takes to massively revamp our spending.

NOBODY expects the Spanish inquisition!

“If you leave Argentina for 20 days you return to a drastically different country. If you leave for twenty years, you return to the same country.” If I had an alternate life to live, I’d get a doctorate in South American/Central American economics. It’s like genetic studies on fruit flies because of the short life spans and the ability to study multiple generations in a week. The economies are small, so the effect of government economic inputs are more readily observable, versus the aircraft carrier US economy where governmental economic inputs take forever to reveal their effects.

Did the AI Translation also sync his mouth because it looks like English words being replicated

Government doesn't overspend, inflation drops. Who'dathunkit?

The price of $100 cost $100 in 2023 but increased to cost $125.5 money worth, then after Milei inflation slowed the increased to the price to $130.77 what it was worth in 2023, but still is still decreasing the value of Argentinian money?

This is happening in the United States also. $33 trillion in public debt, and we spend $1 trillion a year on interest on our debt alone. Our public debt will only spiral upwards, and we will default on our treasury bonds, which will be the rea beginning of our economic downall: when T bills are no longer the world's reserve currency.

Economy It’s elementary school math: spend less than you earn, keep costs low, increase revenue, invest in assets, if you cannot buy it twice in cash, you don’t have money for it.

The US can do the saaaaame!

Could USA reduce deficit spending and cut inflation?