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Debate House Prices
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Safest Currency?
Comments
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Artificial exchange rates have caused some of the most serious trade imbalances to build up and it seems that there is no incentive for these to start being re-mediated.
True. The problems caused by fixed exchange rates are legion - for example, the UK's return to the Gold Standard in the 1920s and the pound's ejection from the ERM.0 -
True. The problems caused by fixed exchange rates are legion - for example, the UK's return to the Gold Standard in the 1920s and the pound's ejection from the ERM.
Not to mention China's fixed rate of today, I've seen new reports where Chinese analysts have indicated that they expect the value of the RNB to depreciate.
The problem gets worse and worse.0
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