4 ms·
> For instance it keeps value of the currency high, what makes whole USA production noncompetitive. But devaluation of the currency will hurt people who have s
by codedokode 2y ago
> For instance it keeps value of the currency high, what makes whole USA production noncompetitive.
But devaluation of the currency will hurt people who have savings in this currency, and cause higher inflation, right? On the other hand, paying back loans and mortgages becomes much easier.
- HPsquared 2y agoMore people are in debt than have savings, the government itself included. Populism (of both left and right varieties) is surely associated with inflation.