|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01.08.26 - 03:09
|
Argentina′s Milei Borrows Warren Buffett′s Idea To Punish Deficit-Spending Politicians (ZeroHedge)
|
|
|
Argentina's Milei Borrows Warren Buffett's Idea To Punish Deficit-Spending Politicians
More than two years after campaigning to "blow up" Argentina's central bank, President Javier Milei has announced his "Fiscal Shackle" bill - a permanent rule aimed at preventing Argentina from approving or maintaining budgets with fiscal deficits that could have consequences for politicians.
On Thursday, in a speech recorded at the Casa Rosada and broadcast nationwide, Milei proposed an overhaul that would restore the Central Bank of Argentina's sole mandate of preserving the currency's value, stop direct and indirect financing of the Treasury, provinces, and municipalities, and expose officials who violate the rules to criminal charges. "It will be considered fraud and illicit association," he explained.
Milei said this is the "most important set of structural reforms in the last 91 years," taking the year of the Central Bank's founding, 1935, as the starting point for that period. He argued that the...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
