How Growing Up With Hyper Inflation in Brazil Changed How Carlos Carvalho Sees Economics

Today, I'm joined on episode 68 of the "Let People Prosper" show by Dr. Carlos Carvalho who is a Professor in Statistics at the University of Texas-Austin and Director of the Salem Center.

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​We discuss:
1) Economic lessons that Dr. Carvalho learned living in Brazil during the 80s while the nation suffered from hyperinflation and how it relates to current overspending by Congress in the U.S. (see more on this in my episode with Dr. John Cochrane);
2) The importance of federalism and letting markets work; and
​3) How the pandemic was mishandled and the importance of understanding tradeoffs.