Comentarios en: Están cometiendo los mismos errores que en el 2001: ahora no es Argentina sino el Mundo el que está en peligro. http://www.cavallo.com.ar/?p=201 Sat, 04 Sep 2010 23:55:11 +0000 http://wordpress.org/ hourly 1 Por: Domingo Cavallo http://www.cavallo.com.ar/?p=201&cpage=4#comment-13936 Domingo Cavallo Sun, 09 Aug 2009 00:31:37 +0000 http://www.cavallo.com.ar/?p=201#comment-13936 Thanks for your comment. Thanks for your comment.

]]> Por: Carlos http://www.cavallo.com.ar/?p=201&cpage=4#comment-13886 Carlos Sat, 08 Aug 2009 12:05:47 +0000 http://www.cavallo.com.ar/?p=201#comment-13886 RE: Martin, Jan 23 2009 More supply-side ie voodoo economics from fanatical republicans who got us into this mess in the first place. You would see most banks collapse without this bailout with the obvious consequences. It sounds nice to to cut taxes via tax 'credits' but the problem has always been that governments simply replace lost revenue with debt. And it's mostly the wealthy who benefit for large tax cuts not the average family since the wealthy pay almost all of the taxes. RE: Martin, Jan 23 2009

More supply-side ie voodoo economics from fanatical republicans who got us into this mess in the first place. You would see most banks collapse without this bailout with the obvious consequences.

It sounds nice to to cut taxes via tax ‘credits’ but the problem has always been that governments simply replace lost revenue with debt. And it’s mostly the wealthy who benefit for large tax cuts not the average family since the wealthy pay almost all of the taxes.

]]> Por: Domingo Cavallo http://www.cavallo.com.ar/?p=201&cpage=4#comment-10430 Domingo Cavallo Fri, 23 Jan 2009 16:31:34 +0000 http://www.cavallo.com.ar/?p=201#comment-10430 I agree, but in order to keep the system working it is necessary to prevent a domino effect on financial insititutions that would keep the capital markets inactive for a long period of time, like it happened in Japan during the 90s. I think the US government will have to return money to the consumers but at the same time to reassure that the producers get financing for their working capital and their new investment. I agree, but in order to keep the system working it is necessary to prevent a domino effect on financial insititutions that would keep the capital markets inactive for a long period of time, like it happened in Japan during the 90s. I think the US government will have to return money to the consumers but at the same time to reassure that the producers get financing for their working capital and their new investment.

]]> Por: Martin http://www.cavallo.com.ar/?p=201&cpage=4#comment-10411 Martin Fri, 23 Jan 2009 14:33:34 +0000 http://www.cavallo.com.ar/?p=201#comment-10411 Mr. Cavallo, The current economic stimulus package is not working. It is not working due to the fact that the fundamentals of the program are wrong. The current stimulus program is structured using a mathematical model that is missing the most essential piece of the puzzle which is the faith of the people in their own economy. Pushing money thru the banks to increase the velocity of the money is a good idea, if the current of money is already flowing. In today’s environment, the money does not pass the first station, and consequently it does not generate any real increase. Even if the money would move from one stage to the next, it only will be adding the intrinsic value which really does not accomplish anything. To make movement of the economy this way will take a considerable amount of money and this will generate an unstoppable hyper-inflation. This is the way third world countries manage the speed of the money in their economy. The real solution will come from addressing the issue from the consumer side of the equation. The average household in the United States pays $22,000 a year in taxes. That is a total $2.5 trillion for the country. The solution would be giving tax credits for 1 year for the amount of taxes that a family pays. They would then utilize this credit to buy goods, pay debt, or as a down payment. The credits not used by the end of the year would be lost. In short, the money will start flowing from the end of the hose, not the beginning creating a vacuum that will pull the economy, not push the economy. By giving the credit and making people use the money to buy, the government will receive taxes from sales tax, capital gains taxes and others. Your thoughts Mr. Cavallo,
The current economic stimulus package is not working. It is not working due to the fact that the fundamentals of the program are wrong. The current stimulus program is structured using a mathematical model that is missing the most essential piece of the puzzle which is the faith of the people in their own economy. Pushing money thru the banks to increase the velocity of the money is a good idea, if the current of money is already flowing. In today’s environment, the money does not pass the first station, and consequently it does not generate any real increase. Even if the money would move from one stage to the next, it only will be adding the intrinsic value which really does not accomplish anything. To make movement of the economy this way will take a considerable amount of money and this will generate an unstoppable hyper-inflation. This is the way third world countries manage the speed of the money in their economy. The real solution will come from addressing the issue from the consumer side of the equation. The average household in the United States pays $22,000 a year in taxes. That is a total $2.5 trillion for the country. The solution would be giving tax credits for 1 year for the amount of taxes that a family pays. They would then utilize this credit to buy goods, pay debt, or as a down payment. The credits not used by the end of the year would be lost. In short, the money will start flowing from the end of the hose, not the beginning creating a vacuum that will pull the economy, not push the economy. By giving the credit and making people use the money to buy, the government will receive taxes from sales tax, capital gains taxes and others.
Your thoughts

]]> Por: Domingo Cavallo http://www.cavallo.com.ar/?p=201&cpage=4#comment-10409 Domingo Cavallo Fri, 23 Jan 2009 14:32:02 +0000 http://www.cavallo.com.ar/?p=201#comment-10409 Daleo, en mi respuesta a un mensaje de Jorge Foti, que encontrarás dos o tres comentarios más atrás, podes ver mi interpretación de las causas de la Crisis Financiera Global que, efectivamente, se inició en los EEUU. Daleo, en mi respuesta a un mensaje de Jorge Foti, que encontrarás dos o tres comentarios más atrás, podes ver mi interpretación de las causas de la Crisis Financiera Global que, efectivamente, se inició en los EEUU.

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