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4min chapter
TIP533: How the Fed went Broke w/ Lyn Alden
We Study Billionaires - The Investor’s Podcast Network
Is It a Money Problem?
Argentina has had a series of financial problems in the past few decades. The country's money is essentially that country's public ledger, he says. It's hard to fix institutions while you have bad money, so politicians getting incentives aligned with the longer term could fix it. A challenge with the IMF is that kind of based around just perpetuating the current system and never allowing the system to reset.
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