Miley responded to Guzmán’s statements by affirming that the minister “is weak on economic theory and empirical evidence” and calling him “an enemy of good people for being in favor of the caste”.
The liberal economist explained in his Twitter thread that “for Martín Guzmán it is delirium to eliminate the policy theft” and that the rejection “is not surprising coming from someone who, raising taxes, says that there was no adjustment because public spending was not lowered in real terms. Even with a State similar to the representative agent, which would only imply a redistribution of income, they would harm via social justice”.
The Minister of Economy said that an initiative in this sense “it’s a delusion” and he argued that “it is to give up the possibility of seriously building a State.” “It is accepting a defeat as a country”insisted Guzmán, who remarked that Argentina must “build” its own currency, which, as he indicated, “is weak today.” “We have to turn that around,” he added.
In an interview he gave to TN, Guzmán remarked that dollarizing “is something that we don’t even consider as an option.” “Inflation is faced in a context where there is a way to go and confidence to build,” he insisted.
“Under the economical point of view we need more reservations at the Central Bank. If there are no reserves, they are all looking and saying that at any moment there could be a problem with the dollar versus the peso. And when that starts to happen you have tension in inflation,” he pointed out.
Source: Ambito
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