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Sep 5 2013

How much money is in the world?

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There are few things more futile than trying to count all of the money in the world. Even many governments have no idea how much currency they have issued. But that won't stop Chuck and Josh from trying and explaining why we can't be sure how much money exists and the problems with flooding the world markets with bread.

AI Summary

Josh and Chuck dive into the surprisingly complex question of how much money exists in the world, starting with American dollars and exploring different categories like the "M0" (or as Josh hilariously misreads it, "mo money") supply. They break down why we should all theoretically have $3,800 cash in our pockets, examine the catastrophic hyperinflation in Zimbabwe where toilet paper cost hundreds of thousands of dollars, and debate the pros and cons of a universal world currency. It's a fascinating look at global economics that makes tracking money sound both incredibly important and nearly impossible.


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