Part 1 - What Is Money and How To Think About It
Money For the Rest of Us
The Pandemic of the Digital Currency
During the pandemic, there was a coin shortage because no one was spending physical money any more. The us has two trillion dolla s worth of federal reserve notes but we have all these coins. If money's not circulating, then it becomes inconvenient because people can't have it. We saw that in venezuela. There was so much inflation, and then there weren't new bills being created. And i saw one report where people were paying for parking with la bars because that was what they had.
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