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by marcosdumay 3290 days ago
It's funny that here at Brazil, every time the government uses this policy we get 1.5-2 years of intense growth, and then a big recession.

The recession always lasts until ~1 year after the government start cutting social spending and stop the pro-growth policies. Then we get moderate growth again, as long as the non-pro-growth is maintained.

Besides, business don't tend to like most policies called "pro-business".

Still what I don't get is why they are selling 100 years bounds at all. The interest rate is quite understandable.