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How is this all that different than simply raising taxes and trying to use that money toward the same end? While I have never messed with Forex, my understandin
by insoluble 11y ago
How is this all that different than simply raising taxes and trying to use that money toward the same end? While I have never messed with Forex, my understanding is that it relies on an ongoing seesaw between the value of currencies or other goods. Deriving money from Forex is really no different than printing counterfeit money. Neither one would deplete itself, but I cannot see Forex rebalancing global resource distribution with any down-to-earth principal. If you owned the entire resource pool on all sides, that would be a different story, but I don't imagine that's what you're talking about.
If I'm understanding your end goal here, I cannot see anything like Forex being of much help in balancing resource distribution. Even if everyone were using the same currency and pulling from the exact same resource pool, there would still be a great disparity in distribution. Just look at any big nation, and you're bound to see plenty of unbalance internally.
- ratsimihah 11y agoIt's different because only one entity is at work here, so it's not possible to increase taxes. I think I see where you're going. The market would never stop working as long as people keep buying and selling currencies! That's interesting.