DiscoverPlanet Money#216: How Four Drinking Buddies Saved Brazil
#216: How Four Drinking Buddies Saved Brazil

#216: How Four Drinking Buddies Saved Brazil

Update: 2020-01-0132
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Inflation in Brazil was out of control for a decade. Four former drinking buddies from grad school fixed it. | Subscribe to our weekly newsletter here.
Comments (5)

Jorge Soros

poor research on this episode. The inflation in the 80's here in Brazil was not caused by the print of money in the 50's. That's a genetic falacy. The inflation was caused by a million factors, one of them the print of money by the authoritarian leaders in the 70's, but the international petroleum crisis played a big role on the situation. Also, the idea that URV's was not "forced" on the population is not quite right. The logistic of the Plano Real, was one bthe most well executed goverment intervention in brazilian history. The most curious think is the fact that right wing economics with Sarney (a Reagan's pupil), Collor and the military dictators was responsible for all the tactics that consacrated left wing nutts dictators in latin america and a center left goverment was the only capable of stopping all the madness.

Jan 3rd
Reply (3)

Giovanni Sena

This is fascinating. Even though I’m Brazilian, I cannot imagine how it was like back then. I was just a kid, born in the late 80s, with no idea what was happening in the late 90s, just that my mom bought everything she could and froze it to last for days because she we couldn’t have the money sit still. I still thing it’s magical what happens, specially swing that other countries like Argentina are going through our problems that used to be ours. It’s fascinating, it’s hard to explain, and I’m so glad we have a stable currency right now. We still have lots of problems to solve, but having this one solved is already a huge start.

Jan 2nd
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#216: How Four Drinking Buddies Saved Brazil

#216: How Four Drinking Buddies Saved Brazil

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