Mauricio Macri shares | Essential control …

We had to reach such financial tragedy
, collapse of the real economy, collapse of the stock market, banking system under maximum tension due to the imminent run to the formation of deposits in dollars and pesos, and new default, so it is recognized that the economy Argentina must work with change control
to avoid a devastating crisis.

Toxic speech most economists, as a spokesman for economic power concentrated largely amplified by the media, have argued the common sense that the administration and control of access to currencies are not practical . When this policy was imposed, the balance is nothing but a catastrophic crisis.

So it was during the military dictatorshipwho had the beginning of the board of exchange prior total market deregulation. This was the beginning of a dollarization process destructive of the Argentine economy. When the question arises as to why there is such a level of dollarization in commercial and financial transactions and the phenomenal flight of capital, the answer is that extreme neoliberal politics directed by José Alfredo Martínez de Hoz.

Then he consolidated with the fantasy of thinking that a peso was equal to a dollar, the experience of Domingo Felipe Cavallo corresponding to both currencies for contracts and credits, with an unrestricted opening to the speculative capital entry. It exploded in 2001.

Now the macro economy designed a similar scheme of total financial openingl absolute deregulation of the foreign exchange market and one out of home debt It has become unpayable. The equilibrium could not be other than the outbreak of this policy with considerable social costs, as happened with the economic policy of the last military dictatorship and convertibility.

Macri, almost all economists, the official propaganda network and private staff, as well as large sections of the middle and upper clbades, celebrated in December 2015 the elimination of what they called scornful way "stocks"They congratulated themselves that from that moment on, you could buy unrestricted dollars, regaining the freedom that the K dictatorship had broken off." On March 1, 2016, Macri wrote the following tweet: "We have increased the shares and all exchange restrictions without any of the misfortunes expected. "The misfortunes occurred and to try to reach the Casa Rosada on December 10, restored a foreign exchange market management regime.

It's not just about claiming "actions," a word that has been installed in the public arena as a measure that has acted as financial torture. To prevent the reaction from saying that this definition was deeply destructive, the transition from an intervention system designed to manage dollars to another system of absolute freedom culminating in another system of market administration shows that what is important right now, is that The company and the main economic subjects recognize the imperative need for exchange control for the Argentinean economy.

The Argentine economy does not generate dollars sufficient to meet the total existing demand: national and provincial states to pay external debt; industrial to bring imports; multinationals to transfer their profits to their parent companies; savers to dollarize surpluses; and social groups for tourism abroad. As Argentina does not issue dollars, it obtains them for export or by contracting foreign currency debts. These are insufficient sources to cover unrestricted demand, except for short periods.

The Argentine economy, more than other Latin American countries, suffers from what is called in academic terms "external constraint"Another way of saying it is that he is suffering"relative lack of currency"To be understood:"There is no money for everyone, at any time and in the amount you want"

This is the most important factor to understand The economic instability of Argentina today and for decades. When this limitation is accepted, or the business world of economists and politicians has the task of teaching society to accept this restriction, the slow and protracted task of building an economy that will not experience devastating crises can to start.

Macri bids farewells and "actions"although it is better to say that, by force, he had to reinstate a vital control of the changes, which neoliberal fundamentalism had eliminated and that he himself had celebrated. Now, almost everyone suffers the consequences of this holiday.