He is not backtracking though. He has explained many times the process that must be followed. Right, nostr:npub168ycwtyy6xechg7exmkwj0snqgqpv89mzu0ttggpjnhmklkyfjeq4s39ff ?
If you understand Spanish, here's a video:
Discussion
We’ll have to wait and see, but he’s said repeatedly that 1. Closing the central bank is non-negotiable and 2. No hay plata, he’s going to slash the state wherever he’s able to.
Correct, he explains how it has to be an ordered process. First liquidate assets to reduce the short term debt. Then reduce expenses to balance the budget, so there is no need to issue new debt. Finally take away from future politicians the moral hazard that the central bank and the printer represents. Milei doesn't have anything against the peso per se. It's the ability of corrupt politicians to monetize the debt by making the central bank issue pesos, that's the problem that he wants to address. People miss the point.