Thomas Kolbe’s Post

View profile for Thomas Kolbe, graphic

#Libertarian #AustrianEconomics #FreeMarkets

Milei with draconian central bank law Argentina's President Javier Milei is planning to introduce a law that will impose draconian penalties on central bankers if they illegally finance national debt with the printing press. In principle, this sounds like a good measure. But the question remains: can Milei succeed in closing the central bank completely? This law suggests that existing forces in the financial policy system are still too strong and that we will continue to have to reckon with fiat politics. Incidentally, the dollarization of Argentina's economy is also an issue. #Argentina #miley #centralbank

To view or add a comment, sign in

Explore topics