Last week the Brazilian Government was deep in a slam-bang fight to keep prices down. Latest measure: an order compelling food stores to stock essential foods, sell them at a 10% maximum profit.
Like most of the world at war, Brazil has been suffering from inflation. Few weeks ago Dictator President Getulio Vargas decreed increases in nearly all wages. So that further price increases would not cancel wage hikes, Economic Coordinator João Alberto Lins de Barros fixed ceilings on all goods and transportation charges (as of Nov. 10). But, suspecting that ceilings...
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