Re:Absent aid, few US cities will be able to avoid austerity
by gridlockd on Tuesday September 22, 2020 @06:06PM
(#24560531)
> Printing more would ensure currency debasement.
Lot of countries around the world intentionally debase their currency to stay competitive. It's a valid monetary instrument. In the short term, currency debasement would lower the standard of living of Americans, but it would make their labor competitive.
Lot of countries around the world intentionally debase their currency to stay competitive. It's a valid monetary instrument. In the short term, currency debasement would lower the standard of living of Americans, but it would make their labor competitive.