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Competitive devaluations seems similar to competitive tariffs in that both favor export over import through a zero-sum action (someone loses for you to 'win') t
by rfreytag 17y ago
Competitive devaluations seems similar to competitive tariffs in that both favor export over import through a zero-sum action (someone loses for you to 'win') that harms other nations.
The only way out may be to grow the economy.
Time to fund lots and lots of startups in hopes some find a value-producing and demand-inducing advance.