Arthur Laffer has a word of advice for Argentina: Scrap capital controls now.“Get it done now and get it done permanently and lock it in” the adviser to US president-elect Donald Trump said.Despite campaigning on it, President Javier Milei has yet to lift Argentina’s thicket of currency and capital controls that keep the peso fixed at a controlled rate against the US dollar on fear that a quick release could fan inflation, voters’ top concern. Regulations also make it impossible for most companies to take their dividends abroad.
December 3, 2024
SOURCE: BUENOS AIRES TIMES
Trump adviser Laffer tells Argentina ‘get it done now’ on capital controls