10Amusements: No.3

January 26, 2011

During the mid-1980s, the Brazillian government tried to solve inflation by forcing a price-freeze. The result: people – believing that the freeze would not last – didn’t want to sell anything. From an interview with a Brazillian economist (This American Life):
“People hid the merchandise… [for example] you could not find meat at the butchers”.
“Because they just weren’t buying?”
“No [the ranchers] hid the cattle… You can do that here; it’s a very large country”.