The new Brazilian government’s czar for economic affairs is bringing in the right people, straight from the Austrian School, says Silvio Simonetti in this week’s Acton Commentary.
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 full text of the essay can be found here.
