bitácoras16| interview to the best economy blog

In addition to being unfounded, Díez’s judgment (if the commentary deserves this name) is irresponsible: who, in his right mind, can say that what a government should do, in the midst of an epidemic that is forcing the closure of economic activities around the world, is to cut spending?

The proof that cutting spending is irresponsible is that not a single government in advanced countries has done so, nor has a single institution, authority or international organization proposed it.

In the midst of a health emergency, an intelligent and responsible person speaks as Angela Merkel did: “We will do what is necessary to overcome this situation. And then we will see what this means for our budget.” An irresponsible person with no knowledge of economics says what Díez has said, that spending must be cut.

And, of course, all this does not mean that we should not review the spending of our administrations. We must take the opportunity to audit, to detect the unnecessary and to put an end to the waste that sometimes occurs, to increase controls and to be always austere, in the true sense of the expression, when using common resources. It is also necessary to think about the other side of the budget, of which Díez does not speak. To limit oneself to cutting expenses to balance the budget, as he preaches, is as intelligent a solution for an economy in crisis due to a health emergency, as killing the sick person to reduce his fever. A real barbarity. We must also look at the other side, the revenue side. Not to increase the general tax burden, but to lower it, so that we all pay according to our capacity and not according to our privilege.

marc vidal vs josé carlos díez (face to face 20

The priority is to stop the contagion in order to solve the collapse of the health system and minimize the deaths that this damned virus will cause, as well as to stop the impact on the unemployment rate.

The sooner we stop the contagion, the sooner we can normalize the functioning of the economy and the less impact it will have on the unemployment rate. If the government had declared a state of emergency when Italy did, we would have stopped the contagion sooner, and we would have put the economy back on track.

I am writing a manual of microeconomic advice for companies, the self-employed and families. Governments already have economic advisors, and this observant economist keeps them informed at all times of the economic situation and recommends measures to minimize the impact of bringing an economy to a grinding halt. But families – and especially SMEs – are facing an unknown scenario of nature and it is necessary to act prudently but diligently.

daniel lacalle vs josé carlos díez ii (head to head 6)

Fridays are the day for José Carlos Díez’s column in El País. Current affairs, sincerity and proposals in equal parts, he often gives lines of action that are subsequently followed by the different agents. On many occasions his focus is on Brussels, which he regularly criticizes for its lack of speed and flexibility in making macro decisions.

In addition, José Carlos Díez is a talk show host on several television programs, generally on La Sexta and Telecinco. His appearances are regular on programs such as “Al rojo vivo”, “La sexta noche” and “El programa de Ana Rosa”.

In addition to the media, José Carlos is very active in his blog. In addition, every Monday (without fail, by the way) he sends his thousands of free subscribers his “analysis of the week”, where he gives a technical view and a deep analysis of the global economic situation, including debt, markets, political situation… and of course, his predictions.

Money does not bring happiness, but it helps to achieve it, as the saying goes. And the economy? asks José Carlos Díez. Crisis, unemployment, scarce investment in innovation, the rise of populism at a global level, are some of the burning points of this great book.

josé carlos díez vs lorenzo bernaldo de quirós

Behind the scenes, the Andalusian president Susana Díaz continues to prepare the team with which she will possibly land in Ferraz if the predictions that place her as the next secretary general of the PSOE are fulfilled. In the economic section, it seems that Susana Díaz’s top advisor will be José Carlos Díez, a popular economist known for his collaborations in different media. Apparently, the relationship goes back to a call that the Andalusian politician made to the economist after reading his book ‘There is life after the crisis’.

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