That is an interesting observation about Brazil. I think people have extreme fear of inflation due to stories about Weimar Germany (http://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_germanhyperinflation.html) and more recently pictures of Zimbabwe’s currency with 15 digits. But U.S. inflation will be more like that in the 1970s, not even as much as Brazil. In fact, I think, people were not in extreme hardship during 1972-82. I don’t think there is any report of widespread homelessness or hunger (like in the 1930s).
