A inflação brasileira entre os anos de 2010 a 2015 e suas consequências à economia sob a perspectiva da Escola Austríaca de Economia

Abstract

This work has the objective of showing the causes and the consequences of inflation over the years presented under the perspective of the Austrian School of Economics. Emerging in the XIX century, the Austrian School affirms that any artificial monetary expansion will increase the overall prices of the economy, and that such expansion will cause an apparent wealth in the beginning, and posteriorly will culminate in a recession. The inflation isn’t a new phenomenon in the western society, having records since the Roman Empire, time where the denarius lost its value in about 99,5%, contributing to the shattering of Rome. More than one thousand years after, the hyperinflation comes back to Germany after the World War 1, where the uncontrolled printing of money, and the messy credit expansion, made the prices increase in more than one trillion times in less than 10 years. Around one century after, Brazil follows the similar path: an artificial reduction in the interest rates, plus an expansion of credit without any increasing in savings and production, would lead the country towards one of the biggest crisis in its history.