Javier Milei Claims His Government is the Best in History, Outlining Economic Reforms and Stability

Javier Milei‘s Economic Plans in Interview

In an interview with La Nación+, President Javier Milei claimed, “We are making the best government in history.” He stated that his program for stabilizing the economy is superior and sustainable compared to past policies, particularly the convertibility era.

Milei highlighted that the main difference between his administration and that of former President Carlos Menem is the absence of hyperinflation during his tenure. He emphasized, “After a hyperinflation, stabilization is very easy.” He noted that his government avoided using methods like the Plan Bonex and price controls while managing to stabilize the economy.

He pointed out the significant monetary imbalance he inherited, stating it was worse than the situation during the Rodrigazo and worse than that of former President Raúl Alfonsín. He asserted he achieved a fiscal surplus in just one week, contrary to predictions that it was impossible.

Milei referred to economist Salvador Distéfano, who praised his aggressive cuts in spending. He remarked, “I enjoy the chainsaw,” indicating his commitment to reducing government expenses. He intends to continue structural reforms and budget cuts in public works and provincial transfers.

He urged the public to support his vision for Argentina, claiming that the nation is on a path of unprecedented improvement. He mentioned an increase in international admiration for Argentina and noted that two Nobel Prize winners recognized the country.

Milei discussed plans to decrease the official exchange rate devaluation from 2% to 1% per month, contingent on inflation remaining stable. He promised to gradually eliminate currency controls based on market decisions, not government mandates.

He expressed optimism that international support could expedite Argentina’s recovery, particularly with assistance from organizations like the International Monetary Fund. He acknowledged that decreasing the country’s risk profile simplifies the economic situation.

Regarding economic activity, he stated that the Economic Activity Monthly Estimator (EMAE) would show improvement by year-end, indicating a rebound in activity without negative impacts on employment or real wages. He concluded, “We are destroying inflation. Come talk to me about recovery.”