Martín Menem Backed the “Omnibus Law” and Referred to Dollarization

After the beginning of a new year and almost a month into Javier Milei’s government, the president of the Chamber of Deputies, Martín Menem, described the new administration as “hyperactive” and came out in defense of the measures proposed since December 10. In a conversation he had with MDZ, he supported his bill called “Bases and Starting Points for the Freedom of Argentines”, popularly known as the “Omnibus Law”, and assured that “it is true that it is very big, when I look at the background there are no such ambitious projects”, and that “the truth is that in economic and financial terms, social, educational, security is the worst crisis in history.” In this sense, and in the face of criticism from the opposition for the powers that the measure would grant to the Executive, he said: “I don’t know why they are so alarmed with the extraordinary powers, if they gave it to Alberto Fernández, to the majority of presidents.” On the other hand, regarding the precautionary measures that the Chamber of Labor endorsed against the DNU, he declared that “it is a president who has just taken office, who said that he was going to do what he is doing. I do not share the view of the Justice, especially on the labor issue. There are more than eight million people who have an informal job. All the measures are to speed up employment.” Then, when asked about dollarization, which is one of the measures that Milei promoted since his election campaign, he explained that “in any normal country you could talk about having a Central Bank, with normal people who do not issue without backing,” and that “the only time that monetary policy did not fail was in convertibility, when silver was not printed for 10 years.” And he concluded by making it clear that “we must dollarize so that we do not leave the door open ever again to the same people as always, who took it upon themselves to use the Central Bank for their political careers.”

Original source in Spanish