Showing posts with label Fiat Currency. Show all posts
Showing posts with label Fiat Currency. Show all posts

Wednesday, October 6, 2010

How Fake Money Saved Brazil

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.