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You're talking inflation though, not debt. I don't know much about what you're referring to, and a cursory search did not provide any evidence that the root ca
by atq2119 7y ago
You're talking inflation though, not debt.
I don't know much about what you're referring to, and a cursory search did not provide any evidence that the root cause of sustained high inflation in Brazil was debt at any time, much less debt in Brazil's own sovereign currency.
Nobody disputes that bad governance can lead to high inflation. The point of dispute is whether we have to reduce debt today because in the future that high debt may lead to hyperinflation, recession, or some other negative economic outcome that is so bad that its badness would outweigh the badness of austerity measures implemented today.
- marcosdumay 7y agoHonestly, I have never seen any serious debate on the issue, mostly because I don't know of anybody that from the late 70's up to 94 that even contested it was caused by the ever growing domestic debt. But yes, now that you have cited it, there aren't many mainstream media articles in English that say it. I couldn't find any either.