When it comes to the theories of Macroeconomics I would classify myself as Chiacgo Girl, not too much friend of J.M. Keynes. But of course, in a country like Brazil governmental intervention is far more justified to a certain extent, more than in Europe.
Legitimate chicago boy and Brazilian Minister of Treasury, Joaquim Levy, had recently expressed that nicely in an interview with Carta Capital: 180 million Brazilians and some ministers, worried about the increasing valorization of the Real, do not seem to realise that this risk (of a stronger Real) can be reduced by spending less: Dar um choquezinho negativo no gasto público. Isto é Keynes, Marcroeconomia, Regra número 1. YES!
Comments