Monday, April 27, 2015

Zach Newton, Chapter 11, Question 6

What I found interesting in this chapter was the section titled "Funny Money" in which Wheelan talks about "soft" currency. It was fascinating to me that soft currency can result in neat, clean deals like Pepsi for Vodka, but it can also result in not so neat deals, like riots in Argentina. Wheelan went on to describe in depth the fall of Iceland's economy following the Great Recession which resulted in McDonalds closing down due to the lack of value in the Icelandic currency. All these crazy chain events are very interesting to see how one thing can snowball into mass chaos.

No comments:

Post a Comment