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So this isn't helpful because a) there is 'tampering' but of different degrees and b) the 'freedom' of a market is also one of degrees. Just because there's no
by jariel 6y ago
So this isn't helpful because a) there is 'tampering' but of different degrees and b) the 'freedom' of a market is also one of degrees.
Just because there's no such thing as a 'free market' doesn't mean that some are not more open than others.
The Euro is the 'least tampered' big currency arguably because they have 25 nations each of whom would scream if the other tampered, meaning almost by definition it has to have integrity. The USD somewhat less so, but in times of war or crisis it will be. China has a fully politicized currency.
The OPs point is actually valid - any weakening of the USD might more accurately reflect what currencies might look like within similar Fed regimes. So long as it's not a crash it might help the US to soften a little.
The paradox is, in a 'global' time of crisis ... people actually seek USDs! So when the US eventually tries to push that weird dynamic to a tipping point, which we are arguably already doing ...
Welcome to the New World Monetary Order - value can hardly be measured in currency because it's made up, so get your hands on something else ... like real-estate! Which would explain a few bubbles.