Thursday, December 01, 2022

Balaguer and Casals Victoria

At the request of the undersigned, renowned economist Pedro Manuel Casals Victoria visited President Balaguer at the National Palace and they had a long conversation about Milton Friedman’s economic philosophy. This meeting was quite long because both had different approaches to this essayist’s thinking on topics related to the business world.

Balaguer understood that Keynes’ theory was positivist, as its results were pragmatic and he believed more in practice than in theory, which is why, following Keynes’ principles, he applied them to national reality more effectively over the years of his career. mandate.

On the other hand, Casals Victoria replied to Balaguer that he agreed with some aspects of this philosopher, but Freeman’s view was more liberal, as it covered all topics of economic thought and I remember the works published under his New York subscription, in the newspaper El Caribe, on the philosophy and thought of Keynes.

After this fruitful debate, both characters reviewed the theme of the April 1965 revolt and Balaguer pondered the personal worth of Casals Victoria (renowned economist, lawyer and politician), who, according to the president, moved to the San Luis fortress along with with a group of men and weapons and went to Santo Domingo to offer his support to Colonel Caamaño.

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The dialogue went further, because Balaguer brought up former presidents Rafael and Victoria, who, according to the head of state, played prominent roles in the process of the wars in the Dominican Republic.

I observed that Balaguer found the conversation with Casals Victoria interesting, because they entered the Cold War process and in this sense the statesman disagreed, because that phenomenon weakened the Soviet Union and, therefore, strengthened the United States. In part, Casals Victoria agreed with the Cold War because it had brought about significant changes in the ideological field and this situation would produce freedom, democracy and economic development.

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Balaguer then told Casals Victoria: “This will have disastrous consequences for the Soviet Union, because economic, political and military balance is the counterweight to any military confrontation on a global level.

Casals Victoria, on the other hand, maintained that freedom and development are the pillars on which human freedom rests and the Union of Soviet Republics deprived their regions of economic freedom for many years.

From that topic, Casals Victoria went on to explain to Balaguer the reason for his visit, which was that, for over a year, he had been collaborating with the government on economic policy issues and his work was unpaid.

Faced with this explanation, Balaguer replied that he would take “a letter on the matter”, and that Casals Victoria could leave quietly. Days later, the noted economist visited my residence to inform me that he had received the emoluments for his advice to the government.

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