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TIP574: Broken Money 1/2 w/ Lyn Alden
We Study Billionaires - The Investor’s Podcast Network
The Role of Currency Stability in Developing Countries
In the gold era, gold was the foundation of money and currency stability. In the modern system, the US dollar is the foundation, making it difficult for developing countries to borrow in their own currency. This creates a negative feedback loop and makes their currency even less stable. Developed countries mostly have their liabilities in their own currency, a key variable that separates them from emerging countries.
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