Moving people and money across borders

Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin, and this week we told the story behind the former prime minister of New Zealand moving her family to Australia and why stablecoin has become a popular way to transfer money in Asia. If you’re not yet a subscriber, sign up here for this newsletter.

Former New Zealand Prime Minister Jacinda Ardern got a good deal of attention when she announced earlier this year that she’d be moving her family to Australia. She’s not the only one; record numbers of New Zealanders are leaving the country. And New Zealand isn’t the only nation losing people to emigration, with other countries periodically experiencing “brain drain.”