Argentine President Javier Milei Seeks to Penalize Central Bank Money Issuance

[sirty143]

Argentine President Javier Milei Seeks to Penalize Central Bank Money Issuance

Javier Milei, the libertarian president of Argentina, is seeking to stop the issuance of money by the country’s central bank. Milei stated he would send a bill to Congress to penalize issuing money with jail time... See more for yourself here.

Your opinion is greatly appreciated.

[TomPluz]

Together with El Salvador President Nayib Armando Bukele Ortez, I greatly admire the tenacity and vision of the new Argentinian President Javier Milei in the many issues affecting their countries. Both of these men are not perfect but certainly they are less flawed than the alternatives. With the strong backing from the people he is serving right now, Javier Milei is a rising star in a world that is slowly inching itself to socialism and the many ills it is bringing to the society. Printing more money as the easy way out will always have heavy repercussions not only to the generation of today but also into the future. Hence, there will come a time when people's freedom can be greatly tarnished as the government is gaining the control of resources that should have belong to the people. I am glad to see a man like Javier Milei in my generation as he is seeing things the way they should be understood, away from the controlling interest of international financial institutions like the World Bank and IMF. With printing of money carelessly to soon become a big crime in Argentina, if the law can be passed, certainly nobody will be tinkering with the idea anymore.

 

[Z-tight]

The Argentine economy is very bad now, inflation is so high and the peso is steadily losing value, this is why the president wants to dollarize the country, he wants to make the u.s. dollar a legal tender in Argentina and see if it will help the economy. However, i do not know how effective penalizing central bank money issuance is going to be, i know if it is successful the country might be able to control the money supply, but we have to watch and see the success rate.

[trendcoin]

Together with El Salvador President Nayib Armando Bukele Ortez, I greatly admire the tenacity and vision of the new Argentinian President Javier Milei in the many issues affecting their countries. Both of these men are not perfect but certainly they are less flawed than the alternatives. With the strong backing from the people he is serving right now, Javier Milei is a rising star in a world that is slowly inching itself to socialism and the many ills it is bringing to the society. Printing more money as the easy way out will always have heavy repercussions not only to the generation of today but also into the future. Hence, there will come a time when people's freedom can be greatly tarnished as the government is gaining the control of resources that should have belong to the people. I am glad to see a man like Javier Milei in my generation as he is seeing things the way they should be understood, away from the controlling interest of international financial institutions like the World Bank and IMF. With printing of money carelessly to soon become a big crime in Argentina, if the law can be passed, certainly nobody will be tinkering with the idea anymore.

I had some doubts about Milei, but now I think he is as good a president as Bukele. At first, I had some prejudices against him because of his character, but I changed my mind as I read that he had started to get positive results with his radical moves.

He privatized all the state institutions that could have been privatized. Before the elections, he said he would close the central bank. If he takes away the central bank's power to print money, he will have almost closed the central bank.