Buenos Aires

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hundred dollar bills make up 80% of all us currency by value. In America, they are used quite extensively for not surprisingly illegal transactions. The Argentinean government does like they like to pretend there is no inflation. If you get any bill in Argentina, and you smell it you can smell that it was probably just printed very recently.

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.