Re:Did I just waste 3 years?
by detritus on Monday October 01, 2018 @05:10AM
(#18111050)
...and what about all the other countries?
[ Parent
| on HN ]
The currencies of developed countries are pegged to the US dollar and so their reserve banks are just copying whatever the Fed is doing; their main goal is to make sure that the value of their currencies doesn't change too much relative to the USD. All countries reinforce the same economic distortions on a global scale.
Any evidence of that pegging?
The relatively stable exchange rates can be explained by entirely orthodox inflation targeting together with purchasing-power-parity pretty well.