Re:The Specter of Protectionism: World Faces New Wave of Cur...
by bryanlarsen on Wednesday October 06, 2010 @09:52AM
(#1763902)
It increases the efficiency of the economy, but somehow I doubt that it is the only determining factor. If people were able to produce and consume, they would find ways around a scarcity of money (for example exchanging things directly).
At the end of the article they mention that the US dollar has depreciated by approximately 30% against a basket of currencies with no appreciable affect, and they predict that further depreciation will do no good either without other changes. In other words, this upcoming trade war will have no winners, only losers.
At the end of the article they mention that the US dollar has depreciated by approximately 30% against a basket of currencies with no appreciable affect, and they predict that further depreciation will do no good either without other changes. In other words, this upcoming trade war will have no winners, only losers.