Até Jornalista do WSJ Sabe Mais Economia do que os Petistas do Mantega

Excelente artigo de Mary O'Grady do Wall Street Journal sobre a economia brasileira:
As demand heats up Brazil's low investment-rate-to-GDP of 18% (versus China's at 50%) means imports are needed. Protectionism blocks imports, so prices of tradable goods rise. Prices of services, which are not imported, also rise.The higher consumption without the corresponding production capacity provokes inflation, raising wage costs for those domestic manufacturers the government is supposed to be helping. The central bank has to rely on high interest rates to control the situation. Growth suffers.The way out of this trap is to embrace the strong real and the nation's comparative advantages in services and commodities. Allowing the centrally planned manufacturing industry to restructure won't be painless. But better to do it now, alongside pro-growth reforms in tax and regulation, than to wait for the inevitable crisis.