MP3, Links, and More: http://ymb.tc/e151
Today’s show is all about three economies struggling to maintain their fiat currencies. We covered one, Zimbabwe, a few weeks ago (http://ymb.tc/e149), where they use foreign currency. The other two are India and Venezuela.
In India, the government recently banned 500 and 1,000 rupee bills. This caused a huge cash shortage and significant interest in Bitcoin. In Venezuela, the government is printing so much money that it’s easier for merchants to weigh it rather than count it. The inflation rate is hundreds of percent and ATMs are often refilled multiple times per day.
How does this happen to economies? How can avoid the traps of printing money, capitals controls, and debt? Tune in to this shorter show for our take! Your hosts are Daniel Brown and Tim Baker. Enjoy!
Leave a comment and tell us which of those three countries/economies you think would be the worst to live in!
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