Thursday, April 28, 2011

We learn from history that we learn nothing from history

Look at what I've just read in Exame. It seems the same bullshit they're talking now. Any resemblance isn't purely coincidental. As George Bernard Shaw said "we learn from history that we learn nothing from history"
Just amazing!
The economic miracle of so blinded authorities and investors. The year was 1972 when the American daily The Wall Street Journal ran a laudatory article about the country. "Brazil, before a monumental mess, now stars in an economic miracle," the newspaper said.
The only exception was inflation, which was around 20%. But that did not take the sleeping then Finance Minister Delfim Netto. "An inflation of 19% in Brazil causes less harm than 5% in the U.S.," he said. The WSJ then predicted that within ten years, our economy would be the fifth largest in the world.

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