5 ms·
That's the beauty of having your own floating currency though. Independent of what the problem is, your trade balance evens out automatically. If a country's fo
by zurn 11y ago
That's the beauty of having your own floating currency though. Independent of what the problem is, your trade balance evens out automatically. If a country's forestry exports tank, imports will become more expensive and exports will become more competitive though currency depreciation. And people will eat more domestic cheese vs imported, stimulating domestic demand.
- samstave 11y agoAside from going to school for economics, what do I read to grok this concept much better?