This is the Cato Daily Podcast for Wednesday, August 5th, 2015.

I'm Caleb Brown.

Recent corruption scandals within high levels of Brazil's government and at Brazil's state-owned oil company

have left voters willing to consider a wider range of political

alternatives.

Fabio Osterman and Kim Kattaguri are leaders of the Free Brazil movement.

We spoke about what might be next for Brazilian politics and

policy during Cato University held last week. We're currently undergoing the

worst political and economic crisis in Brazil in the last 20 years.

And this has of course started not right, not in the last months, but a while ago.

President Juma-Houssif has been leading a government and specifically a government that promotes

an economic view that's 100% mistaken.

She has increased public spending and she has increased restrictions on private companies.

And she has not lived up to her her predecessor's legacy because

she decided to take a more militant stance on economic views.

Yeah and also she got stance on economic views.

Yeah, and also she got elected last year.

It was, she almost lost actually, and she promised like that the prices wouldn't go up and that her government would be

democratic, that her party was honest, that she was honest, but her party got caught in a huge corruption scandal and the prices skyrocketed and

economy got out of control so people got really angry about it because she delivered

just the opposite of what she sold in the campaign.

Now and the memories of many people, older people in Brazil, they remember a hyper-inflation

...