Re:Devaluation is austerity done right
by bornhuetter on Thursday June 14, 2012 @10:22AM
(#4111450)
I think you're confusing price inflation with currency devaluation.
If everything in Ruritania is "worth" 10% of what it was, then nothing has changed. It's only foreign goods that have become more expensive, and your exports have become cheaper.
If everything in Ruritania is "worth" 10% of what it was, then nothing has changed. It's only foreign goods that have become more expensive, and your exports have become cheaper.