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#216 Planet Money: How Four Drinking Buddies Saved Brazil

#216 Planet Money: How Four Drinking Buddies Saved Brazil

Planet Money vor 15 Jahren

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Brazil's economy is booming now, but for most of the 20th century it was an economic mess. In the 80s and 90s, Inflation was so high that grocery stores were raising their prices every day. So the government brought in in four economists who had been talking to each other for years about how to fix Brazil's inflation problem. Their solution: Create a currency that doesn't exist. No coins, no bills.

Music: Hey Marseilles' "Rio."