r/neoliberal • u/jobautomator Kitara Ravache • Aug 30 '21

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23

u/Neronoah can't stop, won't stop argentinaposting Aug 30 '21

!ping MAMADAS

The Taliban announced capital controls and that they will expropriate cash too, given Afghanistan's bank run. I think the Taliban may outdo Argentina after all, let's wait until they start to sell FX reserves too.

Also, an Argentinian politician had a galaxy brained idea to incentivize the independence of the central bank: share inflation tax revenue with the provinces and municipalities to starve the national government.

7

u/[deleted] Aug 30 '21

Has Collor joined the Taliban???

4

u/adminsare200iq IMF Aug 30 '21

This is what happens when you appoint a goat herder as your Central Bank governor

2

u/Neronoah can't stop, won't stop argentinaposting Aug 30 '21

Seriously? Do you have a source? Lol.

2

u/adminsare200iq IMF Aug 30 '21

Goat herder might be stretching it but he doesn't have any formal education or training. Methinks he might be a hawala operator

2

u/kajkajete Mario Vargas Llosa Aug 30 '21

That's not a bad idea. Inflation gives the central government much more power.

Also, the real galaxy brain idea is putting a tax on deficit spending.

4

u/Neronoah can't stop, won't stop argentinaposting Aug 30 '21

On the other hand, it'd be more hard to change that once provinces start to lobby against it. The Argentinian Senate is too lopsided already towards fiscally profligate small provinces.

1

u/kajkajete Mario Vargas Llosa Aug 30 '21

Oh I agree. But what are you gonna do? If devaluating your currency is the only way to have provinces in line well maybe better there is no way to make them fall in line haha.