Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – Around 22 years ago, writing for another Rio publication and using his real name (no pun intended), the Curmudgeon correctly predicted that there would be yet another maxi-devaluation of the currency, and that the new currency would be called the “real".

And so it happened. Brazil got real (pun intended) and got off the addictive not-very-merry-go-round called “monetary correction” which perpetuated rampant inflation while keeping it reined in.

The

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here