Former Economy Ministers Domingo Cavallo and José Luis Machinea, and deputy and economist Javier Milei, delivered their respective views on the problem on Wednesday. What does Argentina have to inflation Y agrees that “the government can’t stop it”.

They made it to the joint appearance on the show “Two voices” released by TN. There are also former economic portfolio holders agreed that it was time to support management of current minister Martín Guzmán, while Milei believes the Government does not have the capacity to “stop inflation” and even predicts a bleak future. “Everything you do is wrong,” warns the liberal economist.

“This government cannot stop inflation, hopefully the next government can do it,” said Cavallo, who also hoped that “Inflation will be high in the next two yearsbut it would be worse if Guzmán’s full support was removed and the ideas of those around Cristina (Kirchner) were implemented.

“My advice is the President, since they have approved a plan (because of the agreement with the IMF), try to implement it and give support to the minister, because It is not seen that within the Government there are people capable of doing strange things. The best thing that can happen is that things will continue as they are and not get worse, and a political crisis will not appear to worsen the situation ”, said the father of Convertibility.

For his part, Machinea said that in order to keep the economy afloat, the government must “have coordination and agreement within, in order to implement a program” and clarified that “while that is not yet the case”, he sees no solution.

In addition, he indicated that “the economy minister is doing things reasonably wellgiven the circumstances ”and celebrated that“ luckily he is there, otherwise an economic explosion has formed ”.

At the same time, former minister Fernando De La Rúa and president of the Central Bank during Raúl Alfonsín’s leadership introduced internal talks with the Government and assured that “it is making noise”. “It’s almost impossible to imagine that a government can stabilize the economy when the president and vice president have huge differences and the vice president seems to have more political power,” he said.

Milei was a bit more compelled in his assessment of that misunderstanding in the gut of the Front of All. “If by magic, Alberto (Fernández) decided to make an adjustment, because he had no credibility, because he had no reputation, that program would be very expensive to society. Nothing good will happen to this government. In addition, the political crisis between Alberto and Cristina fueled falling demand for money and continuing to rise in prices.

“This government cannot stop inflation and everything you do is wrong. When you give effect to prices is 18 months later. As much as the Government has now become orthodox and stopped the fiscal issue, it will have 18 months to continue cleaning up inflation, as in the last two years it has released for the equivalent of 11 per cent of GDP, ”the La Libertad Avanza.

Cavallo added that “inflation is a permanent adjustment” and stressed that “if they fell into hyperinflation there would be a bigger adjustment.” He also advised that they should avoid that situation “at all costs” and slipped that he observed a similar context in 2001: “They did to De La Rúa and to me what they did to Guzmán.”

On Wednesday, as expected and a little more, March inflation registered an increase of 6.7%. This is the highest official record since April 2002, when it was 10.4%.

The former Cordovan deputy and economist also said that the only way to get out of this situation is through “a monetary reform.”

In this regard, Machinea argued that it was “very difficult” to find a recipe, he clarified that, minimally, “a political agreement” was necessary and he estimated that “only a new currency would not solve the problem.”

Meanwhile, Milei said that if he becomes Argentina’s new president in 2023 he will implement “a financial and banking reform.”

Cavallo: “I see Milei as a leader”

In one section of the Cavallo program, not only the drivers were surprised, but also Milei, who smiled nervously. When he said that sees the liberal representative as “a leader”rather than as an economist.

“He is a leader He knows about the economy and what he suggests is a completely different course than the historical course for Argentina. in a direction that is right. Many say they are exaggerating, but in order to overcome the anachronistic ideas that have had years and decades of insistence and caused cultural distortion, perhaps it is necessary to expand a bit in the other direction ”, he argued.

And he added: “What I see with Milei is on the issue of fighting inflation, he explained what he sees as a fiscal reform, which precedes a fiscal reform. He’s worried to think about the subject. And he said that he has a team that can implement his idea. I hope that other parties that can become a government, such as Together for Change, do similar work ”.

Milei returned the courtesy with the consideration he had exposed in previous public appearances. “Professor Cavallo’s role during the first Menem government makes it happen the best Minister of Economy in the history of Argentina”, He pointed out.

DB