4 ms·
Of course, some of the measures were "effective" against inflation. The Brazilian Central Bank fixed 1 BRL to worth 1 USD and lowered a lot of import fees, floo
by meira 11y ago
Of course, some of the measures were "effective" against inflation. The Brazilian Central Bank fixed 1 BRL to worth 1 USD and lowered a lot of import fees, flooding Brazil with US goods. This helped put prices down at cost of our own industries.
- outworlder 11y agoSo, temporarily decreasing the artificial "protections" that those inefficient and outdated industries enjoy? That is a good thing.
- meira 11y agoYeah, probably some of them (the economist and his buddies) thought the same and didn't give a shit. What happened them? Most of Brazilian industries got broke or were acquired under great circumstances by foreign companies. Long live plutocrats.
- rglullis 11y agoIf you think that hyperinflation would solve itself without any of the policies adopted - fiscal tightening, privatization of troubled state owned companies, opening up the market, etc - I'd love to hear about your explanation for the current state of Venezuela.
- omegaworks 11y agoThe narrators so quickly and casually disregarded the complete annihilation of the textile manufacturer...