- 28 Sep 2009 21:58
#13180228
How would this work, if there is a significant trade deficit?
http://www.globalpolicy.org/component/c ... trade.html
Dr House wrote:Fiat. The currency is ultimately backed by the export performance of the economy itself, and as long as the currency isn't inflated too far too fast a fiat currency is doable. Additionally, hard specie has industrial uses, so storing it as money is somewhat wasteful.
How would this work, if there is a significant trade deficit?
http://www.globalpolicy.org/component/c ... trade.html
“There are a terrible lot of lies going about the world, and the worst of it is that half of them are true" - Winston Churchill