“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”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s