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Yes, but that's just begging the question — where is value being created in this equation?
by smitherfield 9y ago
Yes, but that's just begging the question — where is value being created in this equation?
- protomyth 9y agoI could see value if they went to the dollar in their conversion but I, like the article, am unsure what the value in new shillings are.
- lmm 9y agoOnce there's an established currency it becomes practical to make notes that are worth a lot more than they cost to produce, which is a direct cost saving for the same amount of currency in circulation and gives a currency that's more practical (don't have to carry as many notes around). And having the money supply under deliberate control should lead to more consistent inflation which makes it easier for individuals and businesses to plan/budget etc.