Opinion by Michael Royster
RIO DE JANEIRO, BRAZIL - Temer’s new economic package proposes, inter alia, to stimulate growth by making it legal for merchants to give customers a discount for paying cash, rather than using a credit card. This will require revoking an article in the Consumer Defense Code (CDC) that declares any cash discount illegal.
You read that right — the CDC says that granting a cash discount, a perfectly normal, commonplace business practice the world round, is harmful to consumers.
How can this be?
The answer is historical. The CDC was enacted in 1990, when Brazil . . .
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