That was the problem in Brazil, money was created not to invest but to pay exist... | Hacker News

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		coliveira on Oct 5, 2010 \| parent \| context \| favorite \| on: How Fake Money Saved Brazil That was the problem in Brazil, money was created not to invest but to pay existing debt.

forinti on Oct 5, 2010 [–]

Not really. Brazil's inflation had an extra factor helping it: lots of prices (as well as salaries) were automatically revalued by "triggers". The plan wouldn't have worked if the government hadn't also dropped all these mechanisms.

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