4 ms·
And that ability is infinite in the non-convertible floating fx currency regime that we have today. I'd say there is a free lunch to the extend that foreign co
by bubbleRefuge 14y ago
And that ability is infinite in the non-convertible floating fx currency regime that we have today. I'd say there is a free lunch to the extend that foreign countries such as China and Japan prefer to export to us more than import from us. Therefore they must save in our currency (USD) in order to maintain exchange rates at levels that support export desires.