That is what classic theory says and, in truth, for a brief period of time, inflation receded when Collor (the impeached) froze savings. However the fact is th

That is what classic theory says and, in truth, for a brief period of time, inflation receded when Collor (the impeached) froze savings. However the fact is that it recovered back again to high levels during Collor's mandate. The cut down in buying power was achieved mostly through fiscal policy, not consumption restriction.