In episode 151 of Market Makers, Thiago Salomão, Josué Guedes and Walter Maciel (guest interviewer and CEO of AZ Quest) facilitated a constructive conversation about Brazil with four leading economists and experts on the fiscal situation in Brazil: Marcos Lisboa (former president of Insper), Marcos Mendes (researcher at Insper), Alexandre Manoel (chief economist at AZ Quest) and Samuel Pessôa (researcher at FGV). In the conversation that lasted almost 2h30, they exposed the country's political, economic and social fissures. There is a consensus that Brazil faces a complex economic challenge: the way public resources are spent not only reveals inefficiencies and corruption, but also a public administration that is incapable of allocating the budget effectively. Even with investments, the money does not reach the places that need it most, leaving the country vulnerable to fiscal crises and exposed to economic volatility. We discussed the intervention of the Central Bank, the deterioration of economic expectations, and the implications of fiscal policies for the future of the country. They also addressed controversial issues such as the relationship between the government and the private sector, the efficiency of social programs, and the influence of economic policies on the lives of Brazilians. It is a comprehensive analysis of the economic and political complexities that shape Brazil today, including historical perspectives and reflections on possible solutions. This episode is unmissable! Simply a lesson on the Brazilian economy. Did you like the video? Leave a like, subscribe to the channel, and activate the bell for more discussions on economics and finance! PUBLIC SPENDING IN THE 2014 AND 2022 REELECTION ATTEMPTS: https://blogdoibre.fgv.br/sites/blogd... 00:00 - Opening 02:16 - Introduction 06:12 - Did the Bolsonaro government leave a cursed fiscal legacy? 14:35 - Public spending and fiscal tricks 27:47 - Legal uncertainty in Brazil 37:22 - Is the PT repeating the recipe for failure in 2014? 43:00 - Brazilian fiscal creativity 1:00:05 - Reflections on public debt and government priorities 1:05:13 - Has the market lost patience with the government? 1:32:43 - Exchange rate policy and the independence of the Central Bank 1:47:11 - Was the left against Bolsa Família? 2:05:24 - Does Lula know how to take care of the fiscal? 2:20:45 - Closing and thanks Guests: Marcos Lisboa (PhD in Economics and former president of Insper), Marcos Mendes (PhD in Economics and researcher at Insper), Samuel Pessôa (PhD in Economics and head of economic research at Julius Baer Brazil) and Alexandre Manoel (Chief Economist at AZ Quest) Presenter: Thiago Salomão (@_salomoney), Josué Guedes (@josueguedes__) and Walter Maciel (CEO of AZQuest) #BRAZILIANECONOMY #BRAZIL #POLITICS #BRAZILIANFISCAL #MARCOSMENDES #THIAGOSALOMAO #MARKETMAKERS