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"If all major currencies (including home currency) float down, then I don't lose very much." That's not true -- they're all floating down relative to actual go
by ef4 14y ago
"If all major currencies (including home currency) float down, then I don't lose very much."
That's not true -- they're all floating down relative to actual goods and services.
Coordinated devaluation prevents massive capital flight from country to country, but only by making things suck equally everywhere.
- jan_g 14y agoYes, I understand that. But the process is slow. Hyperinflation in some countries was/is much, much worse than regular inflation in developed countries.