Murilo Oliveira
Brazil, August 30, 2021.
Fiscal Theory of Price Level: The manifestation of Brazilian exporters and Fiesp is very important today, at some point we will all have to point out the political ineptitude of this government, as soon as it is willing to take actions that do not concretely solve urgent problems and that are accumulating, even though many of them are historical problems in the country, or aggravated around the world.
To stay on top of what I’ve been saying about the country’s economy, ponder with André Lara Resende whether public finances have been necessary for a long time, where higher interest rates increase taxes, and this in a delicate fiscal situation becomes a snowball high interest rates and high inflation. Public authorities should be spearheading opportunities in partnership with the private sector, capable of taking money at low interest rates for this, to generate employment. Keeping the money in the bank for those who have some financial reserve, it does not generate jobs, and with high interest rates and high inflation, jobs are closed.
@CoexistenceLaw
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