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Macroeconomics 4: Inflation & Drinking Buddies
Planet Money Summer School
The Best Person to Talk to on Inflation
By the 19 eighties, inflation was the number one political issue in Brazil. President sarney's solution to inflation was simple: Make that illegal. The main problem with this plan is you can't just freeze prices and not deal with the underlying problem of money creation. Enter our heroes, those four economists who basically entered the picture at the beginning because they knew nothing about economics.
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Listen to the best highlights from the podcasts you love and dive into the full episode