Steve Hanke(@steve_hanke):#BrazilWatch🇧🇷: Tonight on national TV, Pres. Lula said "the trajectory of PUBLIC DEBT and high interest rates WORRY ME." In the same speech, he promised the government will BUY FAMILIES' DEBTS from the banks. No numbers given. LULA'S CURE FOR DEBT = MORE DEBT.

Steve Hanke

@steve_hanke

Professor of Applied Economics @JohnsHopkins | Senior Contributing Columnist @Fortune | FX & Commodity Trader | Reagan White House | Views are my own

Joined October 2012

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Steve Hanke@steve_hanke

2026.11.09 05:02

#BrazilWatch🇧🇷#: Tonight on national TV, Pres. Lula said "the trajectory of PUBLIC DEBT and high interest rates WORRY ME." In the same speech, he promised the government will BUY FAMILIES' DEBTS from the banks. No numbers given. LULA'S CURE FOR DEBT = MORE DEBT.