Episode 176 – Brazil: From Hope to Fascism with Daniel Conceicao

Show Notes

Transcript

Extras

Download

Dr. Daniel Conceição developed an interest in economics at a young age, having experienced the consequences of inflationary crises during his formative years. After being entranced by the writings of MMT economists as an undergrad studying economics at the Federal University of Rio de Janeiro, he came to the US to do his graduate studies at UMKC where he became a friend and colleague of so many of our favorite guests on this podcast. He left determined to use what he learned to help his own country achieve its potential. 

He spoke with us about the recent political and historical context for background into the broader political economic situation and the stances of the major political actors towards it. He pointed out the closely matching parallel track with our own political developments in the US and the economic underpinnings. He also discussed many similarities in the state of the discourse and misinformation in discussions of finance and government budgets. 

He then explained the mechanics of the Brazilian currency, the real, and discussed how the central bank manages it. He discussed balance of payment and foreign exchange situations, and explained why the issue of “monetary sovereignty” is part of the story, but not the end of it. He spoke of a country with monetary sovereignty and abundant natural resources. A country whose government accidentally proved with a massive pandemic economic bailout of the financial sector that the government can indeed do big things and better the lives of its people, if it really wants to. 

Daniel Negreiros Conceição is Associate Professor at the Unicamp Institute of Economics. Professor at the Institute of Research and Urban and Regional Planning (IPPUR) at the Federal University of Rio de Janeiro (UFRJ). He is one of the authors of the book “Modern Monetary Theory: The Key to an Economy at the Service of People”. He is president of the executive board of Institute of Functional Finance for Development Brasil.  

https://iffdbrasil.org 

Follow Prof. Daniel Conceição on twitter @stopthelunacy  

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

Share this Episode

Follow the show and subscribe on your favorite player.

Dr. Daniel Conceição developed an interest in economics at a young age, having experienced the consequences of inflationary crises during his formative years. After being entranced by the writings of MMT economists as an undergrad studying economics at the Federal University of Rio de Janeiro, he came to the US to do his graduate studies at UMKC where he became a friend and colleague of so many of our favorite guests on this podcast. He left determined to use what he learned to help his own country achieve its potential. 

He spoke with us about the recent political and historical context for background into the broader political economic situation and the stances of the major political actors towards it. He pointed out the closely matching parallel track with our own political developments in the US and the economic underpinnings. He also discussed many similarities in the state of the discourse and misinformation in discussions of finance and government budgets. 

He then explained the mechanics of the Brazilian currency, the real, and discussed how the central bank manages it. He discussed balance of payment and foreign exchange situations, and explained why the issue of “monetary sovereignty” is part of the story, but not the end of it. He spoke of a country with monetary sovereignty and abundant natural resources. A country whose government accidentally proved with a massive pandemic economic bailout of the financial sector that the government can indeed do big things and better the lives of its people, if it really wants to. 

Daniel Negreiros Conceição is Associate Professor at the Unicamp Institute of Economics. Professor at the Institute of Research and Urban and Regional Planning (IPPUR) at the Federal University of Rio de Janeiro (UFRJ). He is one of the authors of the book “Modern Monetary Theory: The Key to an Economy at the Service of People”. He is president of the executive board of Institute of Functional Finance for Development Brasil.  

https://iffdbrasil.org 

Follow Prof. Daniel Conceição on twitter @stopthelunacy  

Scroll to Top Skip to content