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Why not just peg your own currency to the dollar and make a constitutional amendment to prevent that ratio from ever being changed going forward? Then you’d av
by erulabs 3y ago
Why not just peg your own currency to the dollar and make a constitutional amendment to prevent that ratio from ever being changed going forward?
Then you’d avoid all the nationalistic backlash, economic illiteracy, and sidestep (some) of the “dollar milkshake”.
- creer 3y ago> Why not The ratio doesn't live in vaccuum. Setting the ratio means nothing if nobody is willing to step up and sell dollars at that price. And for that they need dollars to sell. The ratio is not some random number picked out of a hat.