“The Big Problem of Small Change”

“The big problem of small change” is Italian economic historian Carlo Cipolla’s way of describing the hoarding of coins when because of inflation the face value of a coin is less than than the value of the metal used to make the coin. This hoarding of coins is one of 3 explanations for the current coin shortage in Buenos Aires.
The other two:
1. Coin-only bus companies were saving coins to sell to businesses at a mark up.
2. The left wing government of Argentina is conspiring to embarrass the right wing government of Buenos Aires in advance of a electronic bus card system that is way behind schedule.

“The Big Problem of Small Change”

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