Adler commented that: “Argentines have lost several decades of economic development due to inflation. Almost all the countries of the region, of Latin America, have had high peaks of inflation, but they were able to solve it and Argentina could not”
“Inflation discourages saving and investment –continued the specialist-, and that’s where we began to suffer as a country. It generates a loss of purchasing power and also causes uncertainty in consumers, making it difficult to make decisions or unintelligent purchases are made to stock up as a result of panic and a presumption that everything is going to continue to increase much more, in a reasonable way”
“In the case of SMEs, today there are about 500,000 but they are less and less, they are not sure about the costs they must face and the prices they must set to sell and distrust arises, uncertainty and they all begin to increase and the so-called inflationary spiral is created, which is very difficult to put an end to,” he explained.
Daniel Adler proposed a series of measures to fight inflation: “In principle, stop issuing to cover the fiscal deficit, but then you have to produce more, facilitate access to exports by local producers; promote and create a clear strategy to add value to raw materials related to food, to produce finished products and carry out a social reengineering”.
In this sense, Adler proposed convert beneficiaries of Social Plans into entrepreneurs “in order to increase the demand for finished products due to the increase in the number of suppliers and their consequent collaboration in lowering the fiscal deficit due to lower payment of Plans”, he concluded.
Source: Ambito
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