I start teaching this week (tomorrow). One of the things we are encouraged to discuss with students is the issue of academic misconduct. One of those problems that always existed, and not just among students, and it is hard to say whether things are better or worse than before, even though everyone thinks it has worsened. Certainly AI has made things even more complicated. At least in my classes, AI has limited impact, since it is an average of what is out there, and that is conventional...
Read More »Argentina on the verge
The big question in the case of Argentina, as always is when it will explode. If the current developments are an indicator of anything, it should be sooner rather than later. Note that the fundamental problems regarding the possible crisis and default are associated to the external debt in dollars (one has to repeat this all the time). It does not mean that there weren't other problems with the Argentine economy, but the domestic issues do NOT lead to a default (yes, that means the fiscal...
Read More »Podcast with about the never ending crisis in Argentina
[embedded content] Podcast with about the never ending crisis in Argentina with Fabián Amico, and myself and interview by Carlos Pinkusfeld Bastos and Caio Bellandi from the Lado B do Rio Revista, and sponsored by the Centro Celso Furtado (Carlos is the director). In Portuguese (but fine if you speak Spanish or at least Portuñol).
Read More »The Argentina of Javier Milei
[embedded content] A seminar organized by the Association for Heterodox Economics with myself, Ramiro Álvarez and the Argentine Senator Carolina Moisés.
Read More »Association for Heterodox Economics’ Webinar: The Argentina of Javier Milei
April 16th 2024 10am New York / 3pm LondonSince the beginning of the military dictatorship in March 1976, pro-market visions were imposed by violating human rights in the darkest period of Argentina’s history and occupied political thought for more than four decades, even in democracy. Although these ideas had a brief pause in the period 2003-2015, they are still in force and now more than ever under the new administration of Mr. Milei. Mr. Milei has imposed a huge depreciation of the...
Read More »Argentina and the Philippines: Similar development struggles
By Jesus Felipe and Matías VernengoALTHOUGH the economies of Argentina and the Philippines are very different, the two share structural problems that make both nations’ development a complex process. The election of Javier Milei as the new president elect of Argentina, gives us the opportunity to review the differences and parallels between the two economies.Milei is a radical libertarian populist economist with authoritarian tendencies. His proposals range from the dangerous in economics...
Read More »Interview (in Spanish) with Diego Polanco about Milei and Argentina
[embedded content] First part of my interview with Diego Polanco on the Argentine election, and the never ending crisis of the economy. Second part in a couple of weeks.
Read More »Dollars & Nonesense: Milei and the risk of hyperinflation
Javier Milei will be Argentina’s next president. Milei is an extreme right-wing populist, with authoritarian, some may say Fascistic, tendencies. He is an admirer of Trump and Bolsonaro. He is rumored to talk with his deceased dog, that he had cloned. His party’s proposals range from the dangerous – like dollarization, the closing of the Central Bank, the drastic reduction of social spending, the loosening gun ownership laws, and the criminalization of abortions – to the insane – like...
Read More »On Milei’s economic plans for Argentina
Sturzenegger thanks Milei for his support while he was at the BCRA Javier Milei's victory in the primary election has set alarms in Argentina. Many suggest that this was unexpected, and in a sense, given the more recent polls, it was. Also, many have suggested that his strong showing represents a protest vote, since he is a complete outsider, and that this is a repeat of the 2001/2 protests that demanded that all established politicians were ousted (que se vayan todos). But these are at...
Read More »On Milei’s victory in Argentina for Portuguese TV (in Portuguese)
[embedded content]I'll post more on this soon. A few things, his economic ideas show a complete lack of understanding of basic principles. That he is taken seriously by a good chunk of the Argentina media (which is responsible for his rise) is appalling. I also don't think that it is certain that he will win, but in truth the mere possibility is frightening.
Read More »