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

1898.352 - 1930.694 Javier Milei

And the reality is that we had a fiscal deficit which amounted to 15% of GDP Five points were in the treasury, 10 points were in the central bank, which was endogenous monetary issuance. And the reality is that we also had interest-bearing liabilities at the central bank equivalent to four monetary bases maturing in one day, meaning we could have quintupled the amount of money in one day.