President Javier Milei gave a speech at the 170th anniversary of the Stock Exchange.
President Javier Milei gave a speech this afternoon during the celebrations for the 170th anniversary of the Buenos Aires Stock Exchange in which he assured that “continues to have the Central Bank in its sights” because “some governments are enthusiastic about the machine” and he praised the Minister of Economy again Luis Caputowhom he called “giant”.
“Minister Luis Caputo is the best Minister of Economy in the entire history of Argentina,” The President affirmed and thus reaffirmed once again the figure of his official in a context in which he is confronted with Federico Sturzeneggerwho has just joined the Government.
At the beginning of his dissertation entitled “Money, prices and exchange rates”Milei stated that “excess demand functions respond to a quantity at a price that one gives it,” but clarified that this demand may not always be in equilibrium.
In this regard, he pointed out that “one builds a model to respond to that, whose solutions exist, and it is stable,” but he regretted that many economists do not understand these terms. And he confessed to being surprised by the poor debate on the economy that exists today in Argentina.
In his speech, the head of state said he was committed to the success of your economic plan and pointed out that “a sign of this is having renounced his privileged retirement,” so he has to secure a good reputation to continue working when he leaves the Presidency.
In another part of his association, the President spoke about the role of money and said that “it is a widespread means of payment that emerged to replace transactional goods that do not operate as a store of value, it has a negative interest rate.”
He also pointed out that in the series El Zorro, which he said “is about an anarcho-capitalist character who defended private property and fought against those who charged taxes to the inhabitants, you can see how transactions were made before the existence of money.”
In this sense, he assured that the money comes to solve the transactional problem, but that the problem is “when some governments get excited about the machine” and confessed that “I still have the Central Bank in my sights” for that reason.
Source: Ambito
