WATCH: Milei Gifts IMF Chief Official Chainsaw Pin as Currency Floatation Defies Doomsayers
Javier Milei’s minister of deregulation and state transformation Federico Sturzenegger is having a great time at the IMF today. He quoted Yoda in a forum discussion:
“Master Yoda says: ‘the fear of loss is the path to the dark side’. (…) Meaning, in this turbulent times you have to stick to your vision, to your values and your policies. In our case: fiscal macroeconomic stability, deregulation, and economic freedom.”
Sturzenegger, formerly professor of economics at Harvard, also handed IMF chief Kristalina Georgieva chainsaw pin: “Our symbol is this pin which is a chainsaw – we wear proudly this chainsaw pin – which paid with our own money and not with government money I just want to clarify.” Does he have one to give to Reeves…
Milei relaxed the fixed exchange rate of the peso on 14 April and, contrary to constant statements from left-wing economists and think tanks that it would crash, it yesterday traded at above its previous fixed rate. Economy minister Luis Caputo mocked them: “We’d wait for a wave of apologies from colleagues and journalists apologising for telling people we were devaluing, but I’m sure it won’t come.” Oops…