Milei crossed to Quintela: “It’s going to have inflation in the quasi-currencies”

A day after Ricardo Quintela’s announcement of a bill for the creation of a currency for La Rioja, President Javier Milei questioned the proposal and stated that it is not the way to solve the economic situation. Faced with the excessive inflation in shelf products and others, the governor of La Rioja yesterday raised the possibility of creating a provincial currency, for which he will send a bill and call extraordinary sessions. The truth is that the governor gets what he has to get. We don’t take anyone’s money. Therefore, if he has a problem in how he allocates resources, that is, if he spends money hiring Lali Espósito and then does not pay the police, it is not our problem,” the president said in an interview with Radio Mitre. “It’s OK for them to do it if they want to. The market itself will determine what value it assigns to their respective governors when they want to accept or not the notes they issue. It’s going to have inflation in quasi-currencies, but not in pesos,” he remarked. If people use quasi-currency to go to the supermarket, for example, those who receive payments in quasi-currencies from irresponsible governors, they are clearly going to see a loss of their income,” he added. Along these lines, the governor pointed out that “what is not taken out of them through budgetary adjustment, they are going to get out of them through inflation in the quasi-currency, so people are going to realize how they are being scammed by the different governors who apply this type of measure.” I could make the electricity bill zero. But it doesn’t cost zero. There is a cost, someone has to pay it. Then you’re going to pay for it with tax. If you don’t want to pay tax, then you pay with monetary issuance, which generates inflation. In other words, you pay for it, but you pay for it with the inflation tax,” Quintela added.

Original source in Spanish