[outworlder]

If not a real story, then it is a pretty good correlation!

Hyperinflation abruptly stopped the month after Real was introduced. All previous governments tried and failed to control it.

The Real was a success. Mismanagement of the economy later on has nothing to do with it.

[meira]

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]

So, temporarily decreasing the artificial "protections" that those inefficient and outdated industries enjoy? That is a good thing.

[meira]

Yeah, 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]

If 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]

The narrators so quickly and casually disregarded the complete annihilation of the textile manufacturer...