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> Unfortunately, in my country something like this is impossible for most people, simply because they don't have space and money to do anything. Why is the cou
by 908B64B197 3y ago
> Unfortunately, in my country something like this is impossible for most people, simply because they don't have space and money to do anything.
Why is the country so unproductive?
- atoav 3y agoNot every country is in the position to just print money, you know?
- 908B64B197 3y agoNo country is in the position to print money -without causing massive inflation. It's a common myth that the "west can just print money".
- atoav 3y agoThe USD is the key currency. If the US prints money it is a different thing than e.g. if Denmark prints it's kroner in terms of financial consequences.
- 908B64B197 3y agoNot really. A currency's value is determined by how confident people are that it will hold it's value. It's driven by supply and demand. If country A trades with country B, it'll either get paid or pay with country B's currency. Country A might not be interested in country B's currency, so it can use the US dollar and a US institution as a proxy between the two. But that doesn't do anything to affect the value of the three currencies. It's simply a matter of convenience. What matters is how confident people are of their respective government, laws and institutions compared to the US. Would they prefer to hold assets in the United States or their own country, or country A or B.