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10-04-2010, 10:19 PM
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How Fake Money Saved Brazil
This is a story about how an economist and his buddies tricked the people of Brazil into saving the country from rampant inflation. They had a crazy, unlikely plan, and it worked...
How Fake Money Saved Brazil : Planet Money : NPR 
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10-05-2010, 06:22 PM
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Heard it on NPR
I thought this was an amazing story when I heard it yesterday on NPR. It really speaks to the power of confidence and trust in an economic system. Amazing.
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10-06-2010, 01:51 AM
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What an odd idea... I don't think I'm even wrapping my head around how convincing the people that the "fake" currency was stable would stabilize the underlying currency and eliminate inflation...
__________________
"Praestantia per minutus" ... "Acta non verba"
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10-09-2010, 02:02 AM
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That is the whole point of any currency - you have to convince people that it is valuable. There is nothing inherently valuable in coins, gold, diamonds, et c. You have to convince people of the value - take De Beers as an example of creating value.
__________________
IYQYQR
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