Post by account_disabled on Feb 22, 2024 6:07:38 GMT
If money is issued it is to give it to the people who need it most. These people exist and live and they will run out of food if they do not continue to be given it. They are data from reality. “The Government issues pesos to be present as a State . ” The phrase was said by the host Pamela David on the air of the América channel this week in a program when the specialized journalist Julián Yosovitch explained in front of her that the increases in inflation in recent years and in the dollar had been the product of an “uncontrolled emission.” . . “I'll interrupt you there” David stopped him by telling him that none of that “mattered” because “The people who need it most don't have enough to eat.” and transmission would help them.
The intuitive and visceral reaction of the host, in Luxembourg Mobile Number List contrast to the reflection of the specialist, recalls the impetus with which politicians react when they direct economic policy. Something is happening in the world but in Argentina perhaps more exaggerated . Video The American Breakfast host had a meeting with economist David Yosovich. “Gentlemen, when you get up early in the morning and look in the mirror while you shave, I want you to think carefully about one thing. Ask yourself, “What am I doing today to increase the amount of money circulating in the economy?” Richard Nixon told his economic advisers. "We will control prices and wages.
Increasing the amount of money in the economy so that people have more money to spend in their pockets has been a topic of debate in more than one cabinet. The implementation of the Austral Plan was taking place during the government of Raúl Alfonsín and there were indeed differences between the Minister of Economy, Juan Sourrouille, and the president of the Central Bank, Alfredo Concepción, around this issue: transmission. The first maintained that monetary policy should be restrictive while stabilization was consolidated in all contracts. The second, on the other hand, was in favor of continuing to facilitate rediscount operations for banks, that is, loans. Economy and the IMF (at that time Argentina was under a program that the international organization had supported to stop inflation and pay the debt) They were against the vision of the BCRA.