The president of el salvador, naibcalais, announced a bitcoin conference in miami three months ago. The law was written and passed just three days later by the legislature in alsalvador. It's a bold experiment from a millennial leader with a growing reputation for shaking things up. Store owner catalina zavila said she wasn't preparing for what's being called b day because she doesn't understand it. She reckons she'll eventually catch up, as she did 20 years ago when the country made the us dollar official current ter.
President Nayib Bukele thinks obliging businesses to take the cryptocurrency will help with remittances, inclusion and foreign investment. So far, few are convinced. From after-school tutoring to endless extracurricular activities, education is an increasingly cut-throat affair; we examine the costs of these academic arms races. And Sally Rooney’s new novel and the question of what makes great contemporary fiction.
For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer