Macroeconomics 4: Inflation & Drinking Buddies
Planet Money Summer School
00:00
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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