Alice Fullwood, Wall Street correspondent for The Economist, provides fascinating insights on El Salvador's bold move to adopt Bitcoin as legal tender. She discusses the government's hopes to boost financial inclusion and attract foreign investment, while many citizens remain skeptical. The episode also touches on the cultural pressures surrounding education and the extreme measures parents take for their children's success, reflecting broader societal challenges. Additionally, it briefly explores themes from Sally Rooney's latest novel and the complexities of modern literary evaluation.
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.