Make Brazil Great Again
"Brazil Takes An Austrian Turn
Jair Bolsonaro is bringing in the right people, straight from the Austrian School.
Presidents and prime ministers often resort to the appointment of “czars” to handle a crisis or coordinate complex policies when a show of urgent political engagement seems in order. But these modern day czars, unlike their autocratic namesakes, are often short termers with greatly constrained powers and, by the very nature of the complex problem (autos, health care, drugs, etc.), hard to pin down on achievements.
Then there’s Paulo Guedes.
The new Brazilian government’s czar for economic affairs masterminded the pro-market platform embraced by Jair Bolsonaro, inaugurated on Jan. 1 as the country’s president. During his campaign, Bolsonaro made so many complimentary remarks about Guedes and the role he would play in a future administration that the once obscure economist became better known than some presidential candidates.
Guedes’ czar title draws credibly from the unprecedented power that the president gave him to restructure the Brazilian economy, now showing signs of exiting the worst recession in Brazil’s history. The newly created Ministry of Economy, led by Guedes, was formed through the merger of four other ministries (Finance, Planning, Labor, and Commerce and Industry). He now has absolute control over the macroeconomic policy that will be implemented by Bolsonaro’s administration.
If that weren’t enough, Guedes may be the most striking personification of the growth of economic libertarianism in Brazil, popularized by the writings of the Austrian Ludwig von Mises."
https://spectator.org/brazil-takes-an-austrian-turn/