Future Brazilian Minister of Finance, Haddad confessed in 2017 he doesn’t understand economics

The future Minister of Finance, Fernando Haddad (PT, progressive-globalist), confessed in 2017, during a debate at the Institute of Education and Research (Insper), that he did not understand economics.

At the time, the politician said that, despite having “a few pointers,” he had studied the area for only two months.

After the polemic, he said it was a joke.

“Although I do comment on economics from time to time, I studied for two months, which was to pass the Anpec exam,” said the former mayor. “After that, I didn’t study anymore.”

Today, Haddad says the video was taken out of context.

At the same event, Haddad said that he only made it through the two years of his master’s degree in Economics at the University of São Paulo because he “stuck” with colleagues Alexandre Schwartsman, a liberal economist, former director of the Central Bank and columnist for the Folha de S.Paulo newspaper, and Naércio Menezes, a staunch advocate of evaluating the results of public policies.

All three are professors at Insper.

With information from Revista Oeste