Sunday, October 1, 2023

Javier Milei assured that with dollarization “salaries will go through the roof”

Javier Miley presidential candidate of Advances in freedom He defended himself against criticism and assured that he should win the presidential election and implement his plan Dollarization Salaries will go through the roof“.

In an in-depth interview with Alejandro Fantino for Radio Neura, the libertarian economist referred to one of the central questions of his monetary policy. “In your opinion, salaries will not collapse, which is why they are attacking you?” asked the journalist.

True to his style, he answered with a raised voice: “On the contrary, Dollar salaries will go through the roof“.

“Do you know the reason why they are attacking me? Because if we use the dollar, the impact will be so strong.” Real wages just like it happened with convertibility, which We won the midterm elections” he explained.

In this sense he continued: ““If we have control of the chambers of Congress, we will make all the liberal reforms and all the parasites will lose.”.

“They will lose their caste, the crazy politicians, the pre-emptive businessmen, the trade unionists who are at the mercy of the workers, the microphones in handbags and the blackmail by the economists, pollsters and these scourges,” he attacked.

Meanwhile, he argued why, according to his vision, dollarization will achieve this effect: “The main risk that the Argentine economy poses is currency risk. If you do dollarization and get into currency competition, that risk doesn’t exist.”

And he continued: “Reduce the currency risk and you now have a credible economic program because you cannot resort to dollarization. If you create a program with these characteristics, it is expansionary: it reduces inflation, increases employment and improves real wages.” All because you go to a credible regime.

Milei against Melconian: “It’s a waste of economics”

Carlos Melconian, chosen as economy minister by Together for Change presidential candidate Patricia Bullrich, is one of the main critics of Milei’s proposed dollarization in the event of a possible government. In several television programs he even explained why it was not possible.

In this context, the leader of La Libertad Avanza was annoyed with the former president of the Banco Nación: “Don’t come at me with that.” cognitive problems and lack of knowledge de Melconian. The economy is weak“.

Nation World News Desk
Nation World News Desk
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