Javier Milei Published an Extensive Text in Which He Reiterated that the Increase in the Dollar Will Not Impact Inflation

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After leading a national chain on Friday in which he defended fiscal balance sharply, President Javier Milei published an extensive text on Saturday, where he confirmed the course of the government’s monetary policy following the rise of the dollar registered in recent weeks. Through five points, the president mentioned the reasons why, according to him, the quoted currency will not impact on prices.

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The president made a post in which he quoted several economic theorists about monetary policy and what are the determinants of the price level

chacodiapordia.com

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“Those who need to deny that inflation is a monetary phenomenon tend to excuse themselves by saying that the value of the dollar is the one that determines the prices of the economy and that the rise of the dollar is going to cause an increase of all prices forever, but this is false,” Milei said on Friday night in the national chain. Of course, in the last few weeks the dollar overheated and the concern for prices returned to the center of the …

▷ Diario Primera Linea

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President Javier Milei defended the current exchange rate system on Saturday and argued why the rise of the dollar should not be moved at prices. "If there is no monetary validation the price level will not change and everything is a matter of relative prices," he said in a text disseminated by social networks. "What I want to point out is that even if everyone talks about the transfer at prices of movement in the price of the dollar (passtrough…

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Last month the value of the dollar rose by 10 percent, while Milei swears there will be no transfer at prices, reality is moving forward.

comercioyjusticia.info

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The President posted the reasons why the foreign exchange movements will have no impact on prices. As a sort of continuity of his speech on Friday by national chain, this time he chose to justify his position in an extensive text detailing the impact of the economic policies underway President Javier Milei defended this [...]