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A comment on Devaluation is austerity done right. Parent comment

Re:Devaluation is austerity done right by bornhuetter on Thursday June 14, 2012 @09:19AM (#4111172)
Foreign goods would become more expensive, and local goods would remain relatively unaffected (at least in theory).

People would be less likely to take their money out of the country. Foreigners would be more likely to invest.

If as a saver you invest in local businesses and property, you should do well for yourself.

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Re:Devaluation is austerity done right by ams6110 on Thursday June 14, 2012 @10:05AM (#4111375)
Almost all our goods except food are foreign or made of foreign-made components, or are commodities traded on the world market.
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Re:Devaluation is austerity done right by bornhuetter on Thursday June 14, 2012 @10:36AM (#4111499)
Which country are you talking about?
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