Lex Fridman Podcast
#453 – Javier Milei: President of Argentina – Freedom, Economics, and Corruption
Javier Milei
During Alfonsín's administration, inflation reached 5,000% and under Menem it was 1,200%. Additionally, there was the Bonex plan, under which debt was exchanged on a compulsory basis. In other words, what we did instead was clean up the central bank balance sheet. So with that, we cleaned up the central bank's balance sheet. We cleared a loss of $45 billion, all voluntarily.
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