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The David McWilliams Podcast

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What Is It Like to Live in a Country Where the Financial Market Goes From Stability to Mayhem?

Lebanese currency was artificially pegged to the dollar for a very, very long time. Back when I grew up in Lebanon, $1 was equivalent to 1,500 Lebanese lira. It's now about 30,000. The World Bank estimates that about 65% of the population are now living below the population.

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