How fake money saved Brazil - An interesting piece on NPR describing how Brazil changed its currency to solve its inflation problem.
I bet most people have no idea of the story of the real. A great story about four drinking friends who changed Brazil's economy and got it on the high-octane path it now finds itself on.
It essentially shows how money (fiat currency) is a psychological concept - perception can become reality.
Have a listen.
Wednesday, October 6, 2010
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