Mouthy Cash editor Edmund Greaves is joined by Argentine-American bitcoin educator Trevor Schrock to become familiar with what residing with 200%+ inflation is like in Argentina, and whether or not bitcoin might sooner or later be the answer to the issue.
Argentina is maybe most well-known for its passionate soccer followers and profitable workforce, it’s gauchos, large steaks and purple wine.
However the nation has extra just lately been making headlines for the mistaken causes, due to one of many highest charges of inflation on the earth.
Within the newest Mouthy Cash podcast, host Edmund Greaves caught up with Trevor Schrock, an Argentine-American residing in Argentina throughout the nation’s worst inflation disaster of recent instances.
From seeing a litre of beer rise from $6 pesos to over $1,000, and why there’s a “Coldplay” alternate fee, Edmund and Trevor become familiar with how astronomical inflation impacts regular individuals in Argentina – from slumping pay packets to bank card shenanigans and splashing the money on restaurant dinners.
Trevor explains how the brand new Argentine authorities, headed by radical economist Javier Milei, is trying to shrink the scale of the state, cease printing cash and stabilise the economic system to repair its inflation woes.
As a bitcoin educator Trevor additionally has some insights into how bitcoin may very well be the answer ot Argentina’s long-held issues.
This episode is the half one in every of a two half collection how excessive inflation impacts regular individuals. Episode two will take into account if trendy technological options akin to bitcoin might sooner or later be the reply for failing currencies such because the Argentine peso.
You’ll be able to hear the complete podcast episode on Spotify or Apple.
Picture by Alvaro Camacho.