The president participated in a dissertation at the Palace of Liberty. In a debate entitled “Keynes and the General Theory” he tested the theory against the facts of his Government.
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President Javier Milei participated in an economic dissertation at the Palace of Liberty —former CCK— within the framework of a debate entitled “Keynes and General Theory”. The meeting was held together with economist Juan Carlos de Pablo and the deputy of La Libertad Avanza Adrián Ravier, who
moderated the activity.
Upon entering the auditorium, the president was greeted by government officials and leaders, whom he greeted one by one in the front row. Among the first to be embraced were the deputy Lilia Lemoine and the Secretary of Culture Leonardo Cifelli.
The audience burst into applause at the now customary hug and pat on the back with advisor Santiago Caputo.
During his presentation, the President returned to referring to inflation and maintained that his economic team had anticipated recent price behavior. He explained that the fall in demand for money during the second half of last year generated a jump in the price level, which impacted inflationary dynamics
.
In this regard, he remarked that together with Minister Luis Caputo, the head of the Central Bank Santiago Bausili and Vice President Vladimir Werning had previously warned about this phenomenon, although their explanations were not understood.
Javier Milei with Adrián Ravier and Juan Carlos de Pablo. During his presentation, President Javier Milei also recalled his first media appearances and recalled his time on the show run by the host Alejandro Fantino.
In this context, he said: I became famous with Ale talking about this, and he remarked that there he began to spread his economic ideas
.
Reviewing that stage, Milei explained more clearly the example he used to use to differentiate the two currents. As he explained, the Keynesian economist promises politicians easy solutions through public spending — stating that he has in his hands “the miracle of the multiplication of loaves” —, which generates
immediate acceptance by power.
In contrast, he pointed out that the liberal approach poses a much more uncomfortable diagnosis: the problem is the State itself. In that sense, he crudely summarized that position by stating that the libertarian tells the politician “the problem is you, pick it up”, which leaves the liberal perspective at a disadvantage in the
political debate.
Based on this contrast, Milei argued that this type of approach explains why Keynesianism managed to prevail in public debate.
In that sense, he stated that Keynes won by a rout and questioned Friedrich Hayek's position, considering that not openly confronting that
approach was a strategic mistake.
In the middle of the exhibition, a spectator interrupted with a misplaced question about inflation, trying to divert the focus of the debate. President Javier Milei stopped him immediately and ordered the situation with a categorical answer: “this is not the time, nor the place to go”, to allow economist Juan Carlos de Pablo to continue
his presentation without interruption.
Later, the president highlighted the results of his economic program and defended the course taken by his government. In that regard, he said: “We made the biggest fiscal adjustment in history and in the middle we lifted 14 million people out of poverty. LONG LIVE FUCKING FREEDOM! ”.
The president once again harshly questioned journalism and assured that there is a strong distortion between economic reality and the media narrative. In this regard, he stated that “never in Argentine history has there been such a discrepancy between real data and what the media want to sell,” and argued that criticism responds to the interests affected by government reforms
