text: Emerging market nations , terrified of capital flight , dare not reflate their economies ; on the contrary , we find the front-line economy of the moment , Brazil , compelled by fear of speculators to act in a precisely anti-Keynesian increasing interest rates , raising taxes , and cutting spending even as the economy slides into a nasty recession .
  
  ###
  
  Economic reflation has been found to be the number one cause of capital flight .