The polity that is Brazil

marginalrevolution.com/marginalrevolution/2025/09/the-polity-that-is-brazil.html

Yet perhaps the biggest reason spending is high is that the constitution requires it. The charter mandates an extraordinary 90% of all federal spending. Notably it ties most public pensions to wage growth, and requires health and education spending to rise in line with revenue growth. If…

This story appeared on marginalrevolution.com, 2025-09-02 04:41:12.
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