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Planet Money

SUMMER SCHOOL 4: Inflation & Drinking Buddies

Aug 4, 2022
Luigi Zingales, a prominent economics expert, dives into the fascinating world of inflation and its real-life consequences. He shares the gripping story of Brazil's struggle with hyperinflation in the 90s, marked by supermarket chaos and economic despair. Zingales highlights the role of psychology in inflation, explaining how consumer expectations can exacerbate the crisis. He recounts how four drinking buddies developed an innovative currency solution, showing that even in dire circumstances, creative thinking can pave the way for recovery.
30:03

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