Lex Fridman Podcast
#453 – Javier Milei: President of Argentina – Freedom, Economics, and Corruption
Javier Milei
So we were able to take debt out of the central bank and transfer it to the treasury, where it should have always been. And that meant an adjustment of approximately 10% of GDP. Everyone said this would be impossible and couldn't be fixed. Essentially, what we did was implement a fiscal adjustment at the central bank amounting to 10% of GDP.
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