And he added: “I have my doubts about the seriousness of his thinking, the way he handled Anses and, above all, the initiative they had with (Amado) boudou incorporating a huge number of people who had not made contributions to the pension system, was a huge mistake.
“The great political weakness of this trio Cristina, Alberto Fernández and Massa is thate do not have a proper orientation in economic matters of thoughtThey do not believe in the benefits of the market economy and competition, they believe that the State can get involved in all aspects of economic life,” he added in dialogue with La Nación +.
Asked about the dollar and the monetary and exchange policy carried out by the Central Bank, he maintained that “the lack of professionalism with which the BCRA is managed is very dangerous.”
For the economist, “the foreign exchange market should have been unfolded and all other transactions should have been diverted to a free market in which the BCRA did not intervene.” Meanwhile, he added that “the devaluation would not solve anything, it would aggravate the situation” and the solution would have been to “lower withholdings” to encourage the liquidation of foreign currency.
“If they continue to make these mistakes and mishandle the economy as they have done up to now, a very strong devaluation could occur and would bring undesired inflationary consequences.it would encourage exports a little more, it would stop imports but it would in no way solve the problems,” he said.
Finally, he indicated that inflation will undoubtedly be around “100% per year.”
Source: Ambito
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