00:00The presentation has four parts.
00:10The first part has to do with what we call the moral basis of the model,
00:17which are the guidelines on which politics is guided,
00:27in general, and economic policy in particular.
00:34Once we explored this in abstract definitions,
00:45we raised as the counter case what Argentina did during the last 100 years
00:52and what sank it.
00:57Once we understood this relationship,
01:02we found the initial data and the policies we implemented,
01:09and from there we gave the explanations on how we consider
01:15that we are going to generate economic growth.
01:20In this sense, the basis of our model is the idea of liberalism,
01:29according to the definition of our greatest exponent of the ideas of freedom in history,
01:37which is Professor Alberto Venegas Rinchijo,
01:41who points out that liberalism is the unrestricted respect of the project of life of the neighbor,
01:46based on the principle of non-aggression,
01:49in defense of the right to life, freedom and property,
01:53whose institutions are private property.
01:57There is the president returning to the idea of a libertarian Argentina,
02:02this definition of Alberto Venegas Rinchijo,
02:05a little retaking what is the introduction of all his speeches,
02:10which is to establish the before and the after,
02:13in terms of the philosophical foundations of the model.
02:16It looks like a president returning to the narrative that led him to that place.
02:20Exactly.
02:21The drafts of President Milley's speech have been produced.
02:26It is interesting to see them because they have the form of the synoptic picture.
02:30There he talks about the Argentine economic model,
02:33he says that he will focus on the moral basis of the model,
02:37we just heard it, the definition of Alberto Venegas Rinchijo,
02:40and this of focusing on life, freedom and property as a basis of success.
02:45There you see the word success, to serve the neighbor.
02:49It is difficult to decode the letter.
02:51Then, in the second thematic block, he speaks of the Argentine liberticide decadence,
02:57of the symptoms of this decadence, loss of ranking,
03:00this of an Argentina, let's say, descending in the ranking of countries,
03:06then, increase of poverty and indigence, inflation, default, high tax burden.
03:11And then, again, he focuses on the model of the caste,
03:15and on some key ideas that he intends to demystify,
03:19this idea of where there is a need, a right is born,
03:22the idea of social justice, which is an idea that is quite close to the president of the nation,
03:27and then a development on the permanent tax deficit.
03:32We go to the second sheet, if you like.
03:34He speaks of the moral foundations of the model.
03:37Notice how he establishes point 1, point 2, point 2.1, 2.2.
03:42Exactly, there we have another of the axes in the price controls,
03:46as violations of private property,
03:49and, well, he speaks of the consequences of price controls,
03:53and the effect that this has on the Argentine economy.
03:57Then, the third point is the inherited Argentina.
04:00He goes over some figures of GDP decline,
04:04of the central bank deficit, of the monetary base, etc., some technicisms.
04:09And then, on the last page, he speaks of the stabilization model,
04:14of the subsequent adjustments of the idea of a motorway closure.
04:17It is not written in this draft, at least apparently.
04:21And it will also be, before closing, emphasis on the results,
04:26in terms of GDP and poverty and indigence.
04:30Well, then there will be a last section for the foundations of growth,
04:36these issues linked to fiscal balance, and some technical details.
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