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I wonder if the poster was referring to Quantitative Easing, but the Federal Reserve has been doing that as well.
by kylegordon 6y ago
I wonder if the poster was referring to Quantitative Easing, but the Federal Reserve has been doing that as well.
- headmelted 6y agoYes, I was referring to QE, which is much more disruptive in the eurozone than in the US, even at lower volumes. In the US, you have a central bank that is tasked with protecting the economy of the country, and the central bank is responsible for the money supply. Same in the UK and almost anywhere else. In Europe, the central bank is tasked with protecting the economies of 19 different countries who each have divergent tax and expenditure strategies (some markedly so), meaning the currency is subject to the fluctuations caused by any number of those states getting into difficulty at any time, which happens frequently.
- admax88q 6y agoIs there any data backing this that shows the Euro is less stable than the USD? It seems like it would be a fine choice for a reserve currency to replace USD, if USD goes to shit. Remember it doesn't have to be better than the USD ever was, it just has to be better than the USD now.
- oblio 6y agoGreece crashing barely budged the Euro, though.