{"id":249005,"date":"2022-02-08T18:08:38","date_gmt":"2022-02-08T23:08:38","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=249005"},"modified":"2022-02-08T18:08:38","modified_gmt":"2022-02-08T23:08:38","slug":"money-matters","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/opinion\/columns\/counterbalance\/money-matters\/","title":{"rendered":"Money matters"},"content":{"rendered":"

Money matters. This is a typical phrase of monetarism, one of the currents of mainstream economic thought. Three views on inflation in Cuba by three Cuban economists <\/span>published<\/span><\/a> recently in CubaDebate and associated comments are what motivate my writing this article.<\/span><\/p>\n

We historians of the Cuban economic thinking owe to science work that summarizes and synthesizes everything that has been written in the last 30 years on the national economy because never before has so much been written and published on economic issues from different aspects, details and depth and in different media. A wide range of topics have been analyzed, including some more conceptual associated with the ownership relations; others with global reach like those associated with development, its strategy policies; institutional issues; macroeconomic; so many focused on sectoral issues.<\/span><\/p>\n

Monetary affairs, little discussed in the first 30 years after 1959 for obvious reasons, strongly made their appearance since the dollar began circulating in our country back in the early 1990s.<\/span><\/p>\n

There is an extensive list of authors who have addressed these issues, some more theoretical rigor, systematic and deep, others as part of their analysis of the problems of the Cuban economy. Some of these works have been more public, others have not been so, either because they have been part of documents of restricted use because they have been circulated via email between colleagues, or thesis diplomas, masters and doctorates as part of scientific work have been confined to those exercises.<\/span><\/p>\n

It is also possible to see that works on inflationary issues are more frequent since a few years ago to date, as was to be expected given the magnitude and impact of inflation on everyday reality in the national economy and of every Cuban. Inflation has shattered wages, the family economy and also enterprises, whether state or private.<\/span><\/p>\n

In any case, what any study of the Cuban economic thought would certify without fear of any mistake is that monetary issues have become recurrent in economic thinking on the national reality and its presence is not comparable to any prior period. But also these studies would confirm the existence of more coincidences than differences and a set of proposed solutions.<\/span><\/p>\n

Inflation in Cuba: the signal<\/a><\/p><\/blockquote>\n