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Strategies & Market Trends : Asia Forum
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To: Sam who wrote (7864)1/12/1999 9:50:00 AM
From: Frodo Baxter  Read Replies (1) of 9980
 
>One of the thorniest problems for Brazil is that the people who became wealthy there over the past 20-30 years did so by becoming expert in exploiting inflation.

You're absolutely correct here. But remember, when we move from an era of high inflation to disinflation, there is a general redistribution of wealth from those with high debt to those with little or no debt. Since the poor usually have the least access to debt, they tend to benefit the most.

This is people power at its greatest. If anything, hard money should not only be advocated by supply siders, but pinkos as well.

Cardoso's the man. I hope he doesn't fail.
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