As is public knowledge, a few days ago Minister Caputo attended the television program The cornice. The published opinion – and also the public – was trapped in the affair of the “empanadas.” However, minutes earlier, the minister had affirmed something very interesting, in response to a journalistic question about the government’s expectations regarding the Historical Savings Repair Plan of the Argentines: “Let’s not expect anything”. And it was even more assertive: it’s about, he said, “a decision founded at the philosophical principle.
While it is true that an important part of the measures announced by the Government must go through Congress – which implies that its definitive implementation is still suspended – that does not invalidate the following statement: there are no records, in Argentina, of an Minister of Economy that has used a moral argument to base a decision of economic policy. On this matter, I venture to formulate three preliminary comments.
The Historical Savings Repair Plan has two axes: the popularly called “dollar mattress” (declared and not declared treasurement) and the deregulation or simplification of the income tax. From an analytical and conceptual point of view, This is different mattersbut the government has been very skilled in superimposing them and presenting them as interdependent. For those economic or citizens who They have unstabled treasurementthe interaction between the two axes is evident. In addition, if this government offer is aligned with its interests, the measure will be as sweet as honey on flakes.
However, there are other economic actors in different situations. There are those who They can benefit from the tax axisbut they have no way of taking advantage of the axis of the treasury; Even so, they could end up valuing in a “neutral” way to those who do benefit, despite having eluded tax coercion at the time. There are also those who they hope to benefit only indirectly from the axis of treasurementand find an additional incentive in the tax axis (future). Finally, there are those who They are indifferent to both axesbut they hope that these measures are beneficial for society as a whole.
The government has been cunning to present its decision in this way. We can call this strategy framing effect (Or, in the language of yesteryear, “story”).
Faced with this “story”, the most statist opposition reacts with fury and exclaims: “This measure is a drowned slot”. And add: “They have run out of dollars”. Interestingly, the government coincides … although for very different reasons. Its response is: since there is a fiscal surplus and monetary restriction, and as the economy is growing, it is necessary to re -obtain it. And add: They will be the economic actors, freely and voluntarily, who will carry out this process.
Thus, the framing effect it quickly transforms into a kind of libertarian paternalism: a particular typology of governance schemes based on the theory of push (Nudge Theory), which can be synthesized as follows: the government proposes the best possible regulatory framework for citizens and economic agents to make their best decisions. He libertarian paternalism It differs deeply from classical paternalism: trusts freedom of action.
In this scenario, the minister’s phrase acquires relevance when he exclaimed – before his famous culinary comment -: “Let’s not expect anything”. In other words, the intentionality that the observer could attribute to the measure is disguised behind the declaration of freedom. If the goal, crouch behind the word Freedomit is the remumination – or even an endogenous dollarization – then the success of the measure lies in a long -term sustained drip; that is, in thousands of free and voluntary transactions that transfer the treasure to the economic circuit.
If everything is fine, they will celebrate big. Otherwise, they can always say: “Nothing happened here”.
Finally, there is a twisted and morally rough matter that the Government avoids directly addressing, although many analysts have already pointed out. I refer to the fact that this measure treats in the same way what originated unequally: the declared and not declared treasurement.
The Government strives to reduce this matter to a simple premise: since the State, through the inflation tax, dissolved the value of the weight and prevented – legally – access to the currency market, results – according to its reasoning – a promising task to draw an ethical and moral historical pattern on the behavior of economic and citizen agents.
In this field, the government could well say: “Since 2012, Mrs. Vendada disregarded the matter”. And I could add, with apparent authenticity: “Our task is to look forward”. To look at the future – he would conclude – a General amnesty. Read: The Executive cannot judge the past, he was chosen to build the future. And that, precisely, promises.
Source: Ambito
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