I’d be interested to see the details. My suspicion is that the costs to leaving may have swamped the benefits for many people, and that the optimal move for a rational person under the circumstances would have been to hold on to assets and US$ and weather the storm, which would probably have been less bad than for those who lost their life savings, but still pretty bad.
I’d be interested to see the details. My suspicion is that the costs to leaving may have swamped the benefits for many people, and that the optimal move for a rational person under the circumstances would have been to hold on to assets and US$ and weather the storm, which would probably have been less bad than for those who lost their life savings, but still pretty bad.