EconTalk Devon Zuegel on Inflation, Argentina, and Crypto
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Oct 17, 2022 
Devon Zuegel, a programmer and writer specializing in urban economics, shares her insights on Argentina's tumultuous financial landscape. She discusses the challenges of extreme inflation, revealing how locals adapt their savings strategies. The conversation highlights the rise of cryptocurrency as a solution amid unreliable banks and fixed exchange rates. Zuegel also explores the dynamics of using stablecoins in real estate transactions, offering a glimpse into the intricate trust issues faced by Argentinians navigating these economic uncertainties.
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Argentina's Fluke Wealth
- Argentina's past wealth was tied to high commodity prices, not industrial strength.
- It wasn't truly prosperous, as some claim.
Saving in Bricks
- Argentinians use USD or bricks as savings due to peso's instability.
- Building homes brick by brick is a common savings method.
Navigating Currency Exchange in Argentina
- When in Argentina, avoid exchanging money at official rates.
- Find a trusted local to connect you with a "cueva" for better rates.