The Deputy Minister of Economy, José Luis Daza, responded on Monday to Joseph Stiglitz Economics Nobel Prizeafter the American economist affirmed during an event in Colombia that Argentina is on the verge of a new crisis and that it will not be able to face its debt commitments.
From his X (former Twitter) account, Daza said that “No one in the macroeconomic world takes Stiglitz seriously ”and described his history in this branch as “exceptionally catastrophic.” In the same message, he recalled a previous post in which he cited economist Noah Smith, who also harshly criticized Stiglitz’s performance as a reference for economic policy.
Daza listed a series of cases in which, according to his analysis, the Nobel supported failed economic efforts:
“Thank you Joe, comforting to listen to your words today,” the official concluded with irony.
Stiglitz’s statements
During a forum made in Colombia, Stiglitz criticized the former president so much Mauricio Macri as the current president Javier Mileipointing out that both aggravated the problem of external debt. According to El Economista, the U $ S loan44,000 million granted by the IMF During the Macri government it was poorly managed, since “that money ended up escaping from the country.”
He also referred to the current management, stating that the new U $ S credit20,000 million Taken by the government it would be equally unpayable. In his vision, that injection of currencies would have been used to sustain the exchange rate and contain inflation, although at the expense of aggravating the indebtedness problem.
“The country is not viable with more than US $ 56,000 million in debt. Although current data shows low inflation, we are at the gates of another crisis,” he said.
A political and academic link with Martín Guzmán
Stiglitz maintains a close relationship with former Minister Martín Guzmán, whom he considers his disciple. During the years of management of the Front of all, he repeatedly praised the economic policy of the government of Alberto Fernández. He even talked about a “Argentine miracle” during the pandemic, minimizing inflation, which in 2021 exceeded 50% per year.
Source: Ambito
