Episode 253: Tradeoffs, Lockdowns, Climate Change, and Free Stuff
Words & Numbers
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Currency Isn't What Pushes the Economy Forward
Venezuela has been experiencing significant inflation. The country's currency is to an economy much like oil is to an engine, he says. Currency isn't what pushes the economy forward; it lubricates parts that let them move more easily. Sooner or later, their currency will no longer be their currency.
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