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Exactly. Yes, there were many members of the UK that became effectively less wealthy when the pound was devalued, but there were many members of other European
by xkjkls 7y ago
Exactly. Yes, there were many members of the UK that became effectively less wealthy when the pound was devalued, but there were many members of other European nations that effectively became more wealthy. Why are we valuing one over the other.
- simlevesque 7y agosome win, some lose. it's life
- ISL 7y agoOccasionally, everyone wins.
- appleflaxen 7y agohow wealthy did you become when hyperinflation hit zimbabwe and venezuela? not very. that's about how much a falling pound would create wealth in other countries. it would make UK goods cheaper, so if you're a major trading partner then your purchasing power increases, but it doesn't create wealth.