Re:The ballooning money supply may be the key to unlocking i...
by jariel on Tuesday October 13, 2020 @02:32PM
(#24768528)
Because everywhere else is a little worse.
You can loose 2% in the US, but 10% in Italy.
So what do you want to do?
If this crisis were specific to the US, things would be different.
Also, with seigneurage of the US dollar, it gives a lot of elasticity to the process. Put another way 'The USD is also a big international currency that everyone else depends on somewhat'.
You can loose 2% in the US, but 10% in Italy.
So what do you want to do?
If this crisis were specific to the US, things would be different.
Also, with seigneurage of the US dollar, it gives a lot of elasticity to the process. Put another way 'The USD is also a big international currency that everyone else depends on somewhat'.