Something else that gave me a new perspective was the subjectivity of the value of currencies against each other and how governments can "defend" their currency by buying a bunch of it with other currency, artificially raising the demand. Can't really be that easy?
Monday, April 27, 2015
Drew Hanson, question 7, chapter 11
Before reading this chapter, I had understood currency as being one general force throughout the world and each different kind of money was just another color of the same creature. After reading the chapter, I understand that each currency is very independant of the other forms of currency.
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