Bricks are not used for exchange purposes. But they're a fantastic money under the mattress example, because you've mortar them and you put them in place. I don't see why not another similar savings mechanism I live here in Miami. In Miami, there's a very booming real estate market. And throughout Latin America, wealthy people will purchase an apartment in the United States as a way to store their money. This is just for very wealthy people who can afford an expensive apartment.
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.