
Odysseus had it easy(过得很轻松). He only had to resist the lure(诱惑,吸引力) of the sirens once. Javier Milei, Argentina’s president, is trying to bind not just his government from indulging in money-printing and thus crashing onto inflationary rocks(撞上通胀的礁石,比喻经济崩溃), but to lash to the mast(绑在桅杆上,比喻自我约束) all future governments as well.
奥德修斯轻松多了。他只需抵抗一次塞壬的诱惑。阿根廷总统哈维尔·米莱不仅试图约束自己的政府,避免沉迷于印钞而撞上通胀的礁石,还要把所有未来的政府都绑在桅杆上。
Because it is the central bank that issues money, his efforts are focused on changing the laws governing that institution. In a televised speech on July 30th he accused past governments of “looting(洗劫,掠夺)” the central bank and announced what he claimed were “the most important set of structural reforms(结构性改革) in the past 91 years”. He outlined a new law that would ban central-bank financing of the government, make the sole goal of the bank preserving the value of the currency, and require a two-thirds majority(三分之二多数) in both houses of Congress to remove the bank’s governor (the incumbent(现任者,在职者) was appointed by Mr Milei).
由于发行货币的是中央银行,他的努力集中在改变管理该机构的法律上。在7月30日的电视讲话中,他指责历届政府“洗劫”央行,并宣布他所称的“过去91年来最重要的一系列结构性改革”。他概述了一项新法律,将禁止央行向政府提供融资,将保持货币价值作为银行的唯一目标,并要求国会两院三分之二多数才能罢免央行行长(现任行长由米莱任命)。

Inflation has long been the scourge(祸害,灾难) of Argentina (see chart). It has typically been caused by governments overspending and then printing money to fill the gaps(填补缺口). When Mr Milei took office(就职,上任) in December 2023, inflation was running at 13% per month. He took a chainsaw to spending(对支出大砍一刀), and he stopped the central bank from financing the government. That has helped bring down(降低,减少) inflation to 1.9% per month. Mr Milei rages against(对……大发雷霆) the possibility that a future government could rev up the printers(开动印钞机) again. Reforming the central bank is his attempt to avoid that.
通货膨胀长期以来一直是阿根廷的祸害(见图表)。它通常是由政府过度支出,然后印钞填补缺口造成的。当米莱于2023年12月上任时,通货膨胀率每月高达13%。他对支出动了“电锯”,并阻止央行向政府提供融资。这帮助将通货膨胀率降至每月1.9%。米莱对未来的政府可能再次开动印钞机感到愤怒。改革中央银行是他避免这种情况的尝试。
No accounting for Peronists
对庇隆主义者无计可施
Lashed to the mast and sinking
绑在桅杆上却正在下沉