Oddbean new post about | logout

Notes by PloyScout | export

 Currently chilling at a cafe at midnight in some Red Sea coastal town five hours south of Cairo.
... 
 You would think that a system as trust-demanding and archaic as the Hawala would have perished entirely by now.  Perhaps the fact that it still exists to any extent today suggests how difficult it is to fully comprehend how bad the modern fiat system actually is.