The candidate for national deputy for the City of Buenos Martín Tetaz ironically criticized President Alberto Fernández’s proposal to use cryptocurrencies to lower inflation.
In a live conversation on Instagram with Senator Martín Lousteau they made an analysis of the economic situation and charged against the Government’s proposal.
In an interview, Alberto Fernández highlighted “the advantage of cryptocurrencies is that the inflationary effect is canceled out.”
However, Tetaz said that “it is a delusion” what the head of state affirmed and always with an ironic tone added that “luckily he is not a candidate” for the next legislative elections.
In this context, the two referents of Together for the Change in the Capital scoffed at the possibility of the Government starting to issue electronic currencies.
“You saw that the solution to the inflation problem appeared,” Tetaz pointed out to Lousteau at the opening of the talk and added: “The cryptocurrency, Argentina never ceases to surprise you.”
In this context, the economist ironically indicated that “the project has a name, it will be called Patacoin, is it a good idea or not? It is a digital quasi-currency.” While Lousteau joined the joke and added to the comment that Argentina issued a lot of currency, “why don’t we issue a digital one.”
“You do not have uncontrolled issuance of money, it is more difficult to have inflation … Of course, a digital quasi-currency: patacón but patacoin,” the national senator celebrated the occurrence of the candidate.
“They (for the government) believe that issuing a cryptocurrency is issuing a digital currency,” Tetaz said.
Meanwhile, Lousteau made an interpretation of the government’s reading of the use of electronic currency. “What he is saying is that if you do not have uncontrolled issuance of money, it is more difficult to have inflation, which is contradictory to what Kirchnerism is saying every day,” Lousteau said with a big smile.
News in development