Cryptocurrency in a Developed Economy

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I think the optimistic case for Argentina is that it's filled with very smart people who understand a lot of things about the world works. And so as soon as they get out of traps like that, I think they can end up doing some pretty amazing things. It wouldn't be surprised if we ended up seeing a lot of financial innovation come out of Argentina because these are people who live and breathe foreign exchange rates.

Devon Zuegel talks with EconTalk host Russ Roberts about the crazy world of money and finance in Argentina. When inflation is often high and unpredictable, people look for unusual ways to hold their savings. And when banks are unreliable because of public policy, people look for unusual ways to keep their savings safe and to make financial transactions. Welcome to Argentina, where Zuegel finds surprising applications of cryptocurrency for solving problems.