VIDEOLN+. The lack that Melconian marked in Milei’s economic program

The Economist Carlos Melconian he regretted this Thursday “the lack of an unorthodox leg” in the president’s economic program Javier Miley and his Minister of Economy, Luis Caputo. “There is a theme with what is coming, with activity level“, he stated in LN+ and maintained that in the case of the stabilization plans and exit from inflation of Brazil and Israel “they turned out well… They were not disgusted by heterodoxy”, he noted.

Melconian maintained the importance of “institutionality and clear rules” and also the fundamental role of communication of the economic area of ​​the Government with society.

In that sense, he recalled that during the electoral campaign in which he was a candidate for Minister of Economy, if the candidacy of Patricia Bullrichspoke with the former Brazilian president Fernando Henrique Cardoso, who served as Minister of Economy before becoming the Executive. “I asked him [a Cardoso] to tell me what his period as a minister was like, not as president. He told me ‘Prepare to communicate, build a very competent team‘. Between politics and communication, you have to have six guys better than you on the team. “That you believe, that you trust, that they are talented,” he said and hinted that Caputo and his team have communication problems.

The economist showed his differences with the “exchange, fiscal and monetary policy”, but insisted that “you have to announce all that”. “You can’t think about what you’ll announce tomorrow or whether in the middle of the year you’ll see if you’ll remove the trap.”, he assured and highlighted what the Minister of Economy or his team should say. “We want to make these changes, we are in the preliminary step of a stability plan. There will be a stability plan, but we are moving forward. I am doing this for this, this and this,” Melconian rehearsed about the attitude that the economic area should take.

The economist, however, considered: “I still want to be fair to the entire audience. Nobody has the cow tied”. And he criticized the “inheritance” that this Government received: “Whoever took office found themselves with negative reserves, fiscal deficit, pesos everywhere, tariffs in arrears from 2003 to date with a single effort in the midst of the president [Mauricio] Macri said the issue was also somewhat dilapidated,” he listed.

And he continued: “Fifteen [tipos de] dollars, stocks. Whoever it was had a big mess. How many times have I said that the Government had a candidate [Sergio Massa] “I wanted to inherit this mess.”

The economist, former economic manager of the Mediterranean Foundation, on the other hand, differed from the diagnosis that, at least publicly, the Government maintains, that there was already hyperinflation and Caputo stopped it. “I never said that with the other government we were going to a hyper. She was a bargain, but from there to hyper no“, he claimed.

“Two questions”

Melconian, despite the criticism, showed a contemplative vision with the Government: “Its direction is to get out of what we were and have the objective that the markets work and that the table of two returns, I would say then that the course is impeccable”. “From the outset you were going to the pineapples in the macro,” added the economist in his particular style.

Then, he posed two crucial questions in the current situation, as he assured. “The consensus and the institutions against the pineapple; and with you bread and onion. But how long do you have bread and onion with you? The first month, second, third is all love. I repeat a very basic example: one day one of us gets bored and says you were great but we have to change,” she said about what a relationship of love between two people is. “Bread and onion, but Where are we going? Who explains to me where we are going?“, asked.

“What is happening today in Argentina? A methodology that is supported because everything before was trick and failed. So there are 30% who don’t see reason [el que votó a Milei en primera vuelta]. Then 26% was added [de Juntos por el Cambio] which is anti, is not pro. He is the one who stood there and said this, I don’t want it anymore so I come here,” she said.

Melconian, finally, reiterated the importance of “institutionality” and stated that when YPF was privatized had the endorsement of the Executive, Legislative and Judicial Powers and when it was re-nationalized the same thing happened. “Some will say that it is useless because it ended up being reversed, but carrot and stick also ended badly”, he concluded.

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Themes

Carlos Melconian

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