Paradoxically, economists say the same policies that lifted millions of Brazilians from poverty in recent years also helped fuel the inflation now eroding their living standards. Brazil’s labor productivity has badly lagged behind most other emerging economies, underscoring the shaky foundation on which the new middle class was built.
Rising inflation, taxes and unemployment threaten to derail what Brazilian leaders have extolled as a transformation of the country’s society and a reduction of its…
wsj.com|By Paul Kiernan
They basically believe that they can just print money and that's it: we have successfully solved the poverty!