RIO DE JANEIRO, BRAZIL - Political and ideological clashes are part of the daily life of any government. During President Fernando Henrique Cardoso's second term, there were clashes within the economic team between developmental and monetarist groups. On the one hand, there were those who favored public spending as an economic incentive and, on the other, those in line with Milton Friedman (1912-2006), who advocated greater attention to fiscal issues.
Engineer Clóvis Carvalho, former head of the Ministry of Development, was among those defeated in the squabble. The case forced the president to take a side and dismiss . . .
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