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> weak currency is advantageous for an economy Some nuance please... Your fallacious point of view is pushed by certain lobbying groups because a weak currency
by MagnumOpus 7y ago
> weak currency is advantageous for an economy
Some nuance please... Your fallacious point of view is pushed by certain lobbying groups because a weak currency is
- horribly harmful to inhabitants' living standards (how many days of disposable income does it take a developer to buy an iPhone in the UK vs in the US? About three times as many.)
- very helpful to the shareholders of exporting companies (cheap labor and high profit margins)
- atmosx 7y agoHow much does it cost cancer treatment in the US vs the UK?