The Problem With Inflation

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The problem with inflation is partly what you said the fact that it's erratic in terms of its impact. If inflation was steady, if it was high, high in America would be 25% say 20% or even 50%. But if you do a steady, then you could plan accordingly. So really an amazing and tragic example of how money, which is a great lubricant for economic transactions when it isn't correctly. When it's abused, you get costs and it's very sad.

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.