How Does Inflation Spread Unevenly?

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Inflation propagates very unevenly. Some things end up going up in price much faster than others. Different types of jobs have much more pricing power in their wages. As the, as your wages more a percentage of the prices that your boss sets, the better off you are.

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.