Milei Outlines Central Bank Reform Bill Aimed at Monetary Discipline
16 Articles
16 Articles
President Javier Milei defended the project to reform the Organic Charter of the Central Bank of the Argentine Republic (BCRA), which Casa Rosada intends to present in the Congress of the Nation next August, and assured that the initiative “will end 91 years of plundering, expropriation, impunity and decadence” in the country. In a column published in the Buenos Aires newspaper Clarín, Milei estimated “12.819.532.788.614.400.000%, the inflation …
The new Organic Charter promises to order the currency, but the most uncomfortable debate remains open: inflation, development, productive credit and the cost of tying their hands to a crisis. What the reform resolves and what it omits, in a key reading to understand the real impact.
Cachanosky Accused Milei of Copying a Column on the Central Bank. Economist Roberto Cachanosky claimed that Javier Milei copied his column published this Sunday in Clarín to defend his Central Bank reform project. According to Cachanosky, the president used the same headline format with the percentage of accumulated inflation since the institution's creation, a formula he had already used in articles in 2019 and 2022. "You can't stop copying wha…
In a new edition of ‘Longobardi’, Marcelo Longobardi analyzed the article that Javier Milei published in Clarín to defend the reform of the Organic Charter of the Central Bank. In the text, the President said that the inflation accumulated since the creation of the organism, in 1935, reaches a record close to 13 trillion percent, a figure that he used to question the historical performance of the institution.
A Central Bank is governed by an Organic Charter, which, among other things, sets its objectives.They would be something like a compass: a technical guide for guiding monetary policy.The more objectives a central bank has, and the more diffuse they are, the more arguments (or excuses) it has also to use its tools, for example, monetary issuance.It is important to understand that a goal is not only a goal: it is, above all, an argument.Now, we al…
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