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> But no, false national pride has now made the entire economic down-turn even harder. Or it's more nuanced than that and there are actual benefits (as well as
by cjblomqvist 4y ago
> But no, false national pride has now made the entire economic down-turn even harder.
Or it's more nuanced than that and there are actual benefits (as well as downsides) to having your own currency. It's like Covid. When it went well everybody was cheering and saying how we Swedes were geniuses. When it flipped, we were suckers. Maybe, it's more complex and actually quite a lot about luck and other factors.
Another example. Few have historically thought ill of Sweden's long (now gone) tradition of being neutral. One thing that makes it very difficult to be neutral is having a currency that you only control a few percent of.