Huerta de Soto is one of the main exponents of the so -called “Austrian School”. He is a great defender of economic liberalism and the reduction of state interventionism.
Jesús Huerta de Soto, Spanish economist and one of the main referents of the Head of State in economic matters, debated live this Thursday with President Javier Milei In an interview with Antonio Laje. Today, you will receive a Honoris Causa Award in the Higher School of Economics and Business Administration (ESAAD)in CABA. The recognition will be delivered by the president, who expressed multiple occasions his admiration for the academic. The event is scheduled for 19, and will include a speech by the president.
Huerta de Soto is one of the main exponents of the so -called “Austrian school”. He is also a professor of political economy at Rey Juan Carlos University, and wrote several works that contributed to the dissemination and development of “Austrian” economic thought “ In the Spanish -speaking world.
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Prior to the presence of Milei in the interview, the economist defended the central idea of his ideology: “No matter who is in charge, statism is impossible to provide what it promises. The rule is always presented as a benefactor, but what it is in the background is to tyrannize the peoples. “
“The Austrian school theorists have shown why it is impossible for a state to work well. The only thing it generates are the conflicts we see daily and all political struggles,” he said.
In his book “Money, bank credit and economic cycles”the economist explains how monetary policies and government interventions can lead to distortions in economic cycles, causing Boom and Bust (Expansion and contraction cycles). According to him, economic cycles are the result of artificial credit expansion promoted by central banks.
Jesús Huerta de Soto is considered a great defender of economic liberalism and the reduction of state interventionism, arguing that the intervention of a government in economic matters generally leads to inefficiencies and distortions that can be harmful to long -term growth.
Javier Milei repeatedly cited Jesús Huerta de Soto
The President Javier MileiHe cited Huerta de Soto several times as one of his main intellectual influences. During his presidential assumption speech on December 10, 2023, Milei said: “As the great Jesus Huerta de Soto says, plans against poverty generate more poverty, the only way to get out of poverty is more freedom”.
Consequently, the economist replied: “I greatly thank President Milei who has summoned me in his investiture speech. But although, as Mises said, in the long run it is the right ideas that move the world, President Milei has the immense merit of having managed to transmit them to the people in an attractive and convincing way and to present them in the 21st century as the only possible alternative based on truth and morality. Long live President Javier Milei! Long live Argentina and the Argentine people! Long live the fucking freedom! ”
Source: Ambito
