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Nacionales (ingles)



The disorder of the state is the economic “bomb”

The accusations between the government and the opposition about who is responsible for the public debt and who should bear the explosion of the “bomb” miss the focus. The excess of debt is the result of the chronic accumulation of fiscal deficits derived from the bad organization of the State. (more…)

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Another evidence that co-participation must be eliminated

The statement issued by the governors requesting the President to disobey the Court’s ruling confirms that the co-participation’s tangle has no solution. The only way out is to return to the scheme originally provided for in the Constitution, which consists of each province being financed with the taxes collected in its territory.     (more…)

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Argentina world champion of inflation

The enormous happiness caused by the third Soccer World Cup contrasts with the sadness of being the World Champion of Inflation. This “achievement” is neither a product of luck nor the exclusive merit of this government. It is the result of the fact that, as in soccer, everyone is wearing the same shirt: the fiscal deficit. (more…)

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Another fiscal consensus is to prolong the decadence

In a federal country, each province is the architect of its own development. That is why it is perverse to concentrate resources at the national level and then co-participate them among the provinces. It is key to eliminate co-participation and let each province collect on its territory the taxes it needs to promote its development.  (more…)

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2 out of 3 pesos issued by the central bank are rejected

The long history of high and persistent fiscal deficits financed by money issuance explains people’s rejection of the peso. This rejection is what makes monetary printing inflationary. In this framework, expecting that inflation will go down when the dollar-soja –which increases issuance– is reinstalled is very contradictory.  (more…)

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State-owned companies receive more subsides than children

In Argentina, there is a tendency to believe that state-owned companies have a strategic role that justifies their being subsidized. This practice has been so abused that it has reached the extreme of allocating more subsidies to state-owned companies than in the Universal Child Allowance and the food stamp program.  (more…)

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Salaries could be doubled in public hospitals

A constant in Argentina’s public hospitals is the dissatisfaction of physicians with their salaries. This leads the population to demand more budget. The conflict in the province of Córdoba illustrates that what Argentina’s public health system needs most is not more budget, but better management.  (more…)

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Private medicine is 15% behind in prices

Private medicine came out of the pandemic battered. It combined an enormous effort made by the health personnel, with frozen fees and medical tariffs. Just when it was beginning to recover its lost purchasing power, a tweet from the Vice-President sent it back to defunding. (more…)

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Tierra del Fuego shows that there is no “Rift”

With a broad consensus, it was established in Tierra del Fuego that public employees will retire at 55 years of age. The promise is actuarially unfulfillable. Another piece of evidence that Argentina’s decadence is not the result of la grieta (the “rift”) but of the consensus around wrong policies. (more…)

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Argentina needs an income tax

The budget discussion generated a new tax mess. With much improvisation and hypocrisy, the tax exemption for judges was rejected and the exemption for truck drivers was extended. The fact that in most socially progressive countries there is a strong presence of personal income tax continues to be overlooked. (more…)

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