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If you are anything like me, economics seems to be interesting but kind of scary. There are a lot of things that go into economic policy and the l money networks can appear really complicated. I have recently started listening to Planet Money, an NPR podcast that does a bi-weekly play-by-play of the week’s economic news and explains it for people that do not know the difference between GDP and GNP.
Several weeks ago I listened to the episode on the curbing of Brazil’s egregious inflation of the ’80s and ’90s. Today on The BBC there is an article about the same thing. It is highly intriguing and is worth a listen to. It is an amazing story about how a few drinking buddies saved an entire nation from hyperinflation. I recommend giving it a listen.