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Re:How to Win a Currency War by AnimalMuppet on Friday April 10, 2020 @07:24PM (#22838400)
> But a lot of the OP is just...not correct (as an example, the OP says that countries were on the gold standard in the 1920/30s and devalued as a response to the crisis...wrong, they were on the gold exchange standard and devaluation wasn't the response, it was suspension of convertibility)

I believe that you are incorrect. The US, for example, suspended convertibility at $20/oz, confiscated holdings of gold (!), then changed the price to $35/oz, and resumed convertibility. That's not just suspension of convertibility, it's also devaluation.

Re:How to Win a Currency War by hogFeast on Friday April 10, 2020 @10:01PM (#22839144)
I would read what I said more carefully. I did not say that countries did not devalue.
Re:How to Win a Currency War by AnimalMuppet on Friday April 10, 2020 @10:21PM (#22839209)
Well, OK, then you said that in response to the crisis, they suspended convertibility. But the US suspended convertibility, devalued, and resumed convertibility, long before the crisis was over. That means that the point had to be the devaluation, not the suspension of convertibility. (Or else they were incredibly stupid in how they did it.)
Re:How to Win a Currency War by hogFeast on Saturday April 11, 2020 @12:56AM (#22839730)
Right, and I said "in response" to the crisis not "before the crisis was over"...again, you are continuing well after the point of logic. Read. Carefully.

And the key point was most certainly not the devaluation. I can only suggest you read more about the Great Depression to understand why (there was the small matter of most banks in the country failing, devaluing your currency does not help with that, suspending convertibility does). Basic. Basic. Basic.

Re:How to Win a Currency War by AnimalMuppet on Saturday April 11, 2020 @03:11PM (#22843476)
You might try speaking more clearly. And you might actually give some data instead of just dripping condescension. So far, all you've said is "I know, and I'm right", which is a really worthless conversation.

Oh, yeah, you said "read up on the Great Depression". Well, there's rather a lot that could be read on that. You might be a bit more specific, if you wanted to be helpful rather than just smugly condescending.

And so far, you haven't said anything to make it possible to tell whether you're a really knowledgeable guy I should listen to, or whether you're just a loudmouth crackpot who's sure that he's right and everyone else is wrong.