Interviewer: Monetary. Do you think that this discussion is possible in Argentina?

Milei: Let's see, what's the point? The point is that the first thing to understand is that the Central Bank is a scam. It is a mechanism by which politicians defraud good people with the inflation tax. What bitcoin is representing is the return of money to its original creator, which is the private sector.

Money is an invention of the private sector to solve problems of what it has to do with a Troika economy, which would be double coincidence and indivisibility, and then paper appears as a question of portability. Because in reality you had different currencies, you had flax, wheat, salt, that's where the salary comes from, hence the superstition of whether the salt falls on the table.

And that evolved and the currencies that the agents who were the individuals chose, they chose silver for small transactions, gold for large transactions. And then, since it was dangerous to carry it, they left it deposited and took proof that it was there. And later, in 1445, in the first Congress of Genoa, the states took ownership of having the exclusivity to be able to issue, which is the forced course, which is the key. Because? Because the forced course is what allows politicians to steal from you with the inflation tax.

Bitcoin has an algorithm and one day it will reach a certain amount and there is no more. And it can compete with other currencies, in fact it competes against Ethereum, it competes against others. And what is interesting? What is the return to the private sector? But what is the problem?

The problem is that the states are not going to want to give you the forced course, because with the forced course they defraud you with the inflation tax. So, bitcoin is the natural reaction to the scam that the central banks are and that the money is private again and the flip side is that the thieving politicians are not going to allow you to go against the forced course. What's going on? When you have economies with high inflation and the problem of fraud is clearer, then you can even discuss, as I directly propose, eliminating the central bank.