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Macroeconomics 4: Inflation & Drinking Buddies

Planet Money Summer School

CHAPTER

Brazilian Inflation

Basha and his three friends had taught graduate school together at the prestigious catholic university in rio. Basha says they wrote a plan for a new currency, one that was stable, dependable, trustworthy. The only catch was this currency would not be real. It would not be printed. There would never be coins. They called it a virtual currency. We called it a unit of real value. You arev yesitwas a virtue didn't exist. I still have that note.

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