The president resorted to an outburst to exemplify what could happen with consumption if there is a price remark that accompanies the devaluation.
The President Javier Milei spoke tonight about devaluation after release of the stocks and referred to an eventual transfer at prices, so he crossed hard to the entrepreneurs With a strong outburst. “The products are going to be put in the O …,” he warned.
The Head of State resorted to an extreme metaphor to explain economic principles in a television interview, this time in the digital channel Neura averageduring an informal talk with the journalist Alejandro Fantino. There, he defended Carl Menger’s imputation principle with an example based on a bottle of water in the desert.
During the interview, the libertarian economist explained the functioning of the new monetary scheme in which the exchange rate will float between bands, which will expand a 1% monthly, when the interviewer stopped him to consult him on the reaction of entrepreneurs in the face of change in the values of the US currency.
Javier Milei’s outbreak to entrepreneurs in the event of an eventual price increase
“And if any son of P … begins to raise prices with the dollar today that rose 12%, nail price to $ 1,200, then they don’t lower it to you,” he told what Milei replied with his usual direct style: “They will learn from Menger’s imputation principle by force. ”
Given that, the journalist asked him what is Menger’s principle. “That the products are going to be put in the O …, “he said and deepened: “Menger’s principle says that prices determine costs, and not costs that determine prices.”
Javier Milei Neura.jpg
In that sense, he gave an example. “How much is this bottle in the middle of the Sahara desert, with 40 degrees?” Milei asked what the journalist replied: “It is priceless. I give you everything for that bottle. Because for that bottle I will live”
According to the Argentine news agency, The president considers a priority to continue communicating the pillars of his economic program in a flat and non -filter languageas part of its direct contact strategy with the audience in full implementation of the new exchange scheme.
Source: Ambito
