False dichotomy. Brazil has been giving "handouts" - desperately needed aid for the poor - and is doing fine. In fact those "handouts" are one of the main reasons why it has been doing ok: they created a market where there was none.
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The reality is far from what you say. What they give is nothing in that economy. Many people just spend that money in 2 days. What Argentina did is just print money without limits and offer many credit lines to anyone with possibilities. That's ok, but to a certain level, when you hide the real value of your coin you're losing investment from outside. Who will invest in Argentina when the money isn't on the real price?