Dec 9 2017

SYSK Selects: How much money is there 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.

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# Summary

Josh and Chuck dive into the fascinating and complex world of global money supply, exploring how much currency actually exists in the world and why it's so difficult to track. They break down the different ways the Federal Reserve measures money—from physical cash to checking accounts—and explain why most of us should theoretically be carrying thousands of dollars in our pockets but aren't. The episode takes a wild turn into Zimbabwe's catastrophic hyperinflation crisis, where prices literally doubled every day, before circling back to discuss the pros and cons of adopting a single universal world currency and the political obstacles that have prevented it from ever happening.


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