Evidence receipt / observation
Published · transcript-backedHal Varian: observation
19 Jun 2019 Conversations with Tyler Hal Varian on Taking the Academic Approach to Business
“You have countries around the world where capital controls have been biting, and there are several places where people are very anxious about getting their money out of the country because of political instability or other things.”
Source trail
Everything needed to verify it.
- Speaker
- Hal Varian
- Attribution
- Verified speaker
- Claim type
- observation
- Recorded
- 19 Jun 2019
- Publisher
- Conversations with Tyler
Transcript context
…Bitcoin is now at $6,000 again, as you may know. As an economist, what’s the most useful model for thinking about how that price is determined? One can say supply and demand, but one needs more than that, right? It’s sort of a currency of some kind that, arguably, could be worth zero. I would say capital controls is what’s going on. You have countries around the world where capital controls have been biting, and there are several places where people are very anxious about getting their money out of the country because of political instability or other things. I think that is really what’s driving the bitcoin price changes recently. So if every country were Denmark, it would be worth much less?…
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