“Greetings, this is for you”: Javier Milei attacked Cristina Kirchner and talked about the dollar, inflation and the end of the currency controls

At the closing of the 45th Annual IAEF Convention, Javier Milei dedicated his speech to Cristina Fernández de Kirchner after the exchange they had on social media. Later, he developed part of the financial agenda that he prioritizes: Monetary policy, inflation and Argentine economic history.

At the beginning of his speech, the president highlighted one of the phrases of the former president in her letter: “Argentina is that strange place where even the obvious has to be explained.” In this context, he pointed out that he would “have to explain obvious things” and pointed out “the aberrations and inconsistencies in his letter, in addition to all the damage it has caused to Argentina.” “Greetings, Cris, this is for you,” finished.

Javier Milei He continued to criticize the last administration of Cristina Kirchnerstating that “since they were bothered by the poverty rate, they considered it to be a stigmatizing measure and not to publish it any more”: “If you want to make criticisms, Start by doing a self-criticism because it has been costing the country quite dearly to have lied the numbers or the disasters they made with it YPF case“which will also cost us Argentines dearly.”Getting out of poverty takes time and genuine economic growth“, considered.

Throughout his presentation on monetary policy, the President made continuous references to the former president, asking her to “take note” and even adding “perhaps all that dye did her harm and clouded her thinking.” “You can’t tell her ‘the price of money,’ madam. The interest rate exists independently of the existence of money: the interest rate exists because time exists”he noted.

“If the demand for money is a granite structure, This has to be equal to the real balances which is the nominal amount of money above the price level; therefore the Price level will be determined by the amount of money offered by the BCRA on the demand for money,” he explained to confirm that “Inflation is always a monetary phenomenon.”

Javier Milei valued his months of management

At the meeting in Mendoza The governor was present Alfredo Cornejothe ministers Luis Petri and Federico Sturzenegger and the spokesperson Manuel Adorniin addition to the brand new presidential couple Amalia “Yuyito” Gonzalez. Over there Javier Milei He stressed that “in the first month of management we managed to not have a fiscal deficit” and said that “this monetary policy rule is here to stay.”I will soon go to Congress to present a budget based on the zero deficit law.“, he recalled.

Regarding the measures of his administration, he stressed that “We arbitrate the interest rate in dollars with that of pesos“risk-corrected” as a way to mitigate the inflationary increase, and repeated that he cannot “set dates to get out of the corralito.” “We have a clamp to fix the stock problem” left by the previous government,” he added.

He later stressed that “not only are we making the largest adjustment in history and lowering inflation, but activity has not fallen that much either. This is very painful for the political class, because it has been proven that they are useless.” “We did not have the social catastrophe that they predicted because The Ministry of Human Capital currently covers 99% of the Basic Food Basket, if the AUH and the Food Card are taken into account.”

In September, the value of the AUH is $84,275 and the Alimentar Program is $52,250 for a first child, $81,936 in families with two children and $108,062 in the case of three children: in August, the value of the Basic Food Basket is $466,158 for households of four members. He also referred to the apparent decrease in demonstrations in the city of Buenos Aires, commenting that at the last march of retirees last Wednesday there were “only 3,000 people. There were more police officers than people, and that allowed us to take to the streets.”

“At some point the amount of dollars will be much larger than the amount of pesos that We will be able to close the Central Bank and at last We will be able to end the cancer of inflation in Argentina”Milei concluded.