Argentina shows the benefits of cutting wasteful state spending
04 May 2025 - 14:03
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Who exactly does Duma Gqubule think is going to finance SA government bonds if we start printing money (an inevitable consequence of treating the National Treasury like an ATM)? (“Blame falling living standards on incompetent Treasury”, April 29).
He should be sent to Argentina to understand the benefits of cutting wasteful government expenditure, and how this improves the fiscal position of a country.
Gqubule is lacking basic economic education and common sense, a condition that seems to have afflicted a number of Business Day columnists and editorial writers of late.
Ian Ferguson Via BusinessLIVE
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
LETTER: Printing money will need a financier
Argentina shows the benefits of cutting wasteful state spending
Who exactly does Duma Gqubule think is going to finance SA government bonds if we start printing money (an inevitable consequence of treating the National Treasury like an ATM)? (“Blame falling living standards on incompetent Treasury”, April 29).
He should be sent to Argentina to understand the benefits of cutting wasteful government expenditure, and how this improves the fiscal position of a country.
Gqubule is lacking basic economic education and common sense, a condition that seems to have afflicted a number of Business Day columnists and editorial writers of late.
Ian Ferguson
Via BusinessLIVE
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
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