I first saw this a couple of weeks ago on a feed out of Buenos Aires and the Times.
“Milei outlines Central Bank Reform Bill aimed at Monetary Discipline”
Javier Milei has been successful in reducing inflation from triple digits to around 30%. That is not without pain, and he told the Argentinian’s that during his campaign two years ago.
Honesty in politics… what a concept!
The link is below, but one provision not in this article but I have seen in others is a critical piece to the puzzle.
Milei unveiled a bill that will shut down the government in the event of a prolonged fiscal deficit.
“If the fiscal balance is in deficit for several consecutive months, Congress will have a few weeks to bring the accounts back into balance. If it does not do so, the shutdown will automatically come into effect,” he said.
A shutdown would halt non-essential state activities, freeze new expenditures and the awarding of contracts, with lawmakers and senior members of the executive branch not receiving a salary.
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