19.6.19

CAN THE CHI-COMMS DESTROY THEIR ECONOMY FOREVER?

No. "If a government manages to undervalue its currency in terms of foreign currencies, it subsidizes the consumption of foreigners who purchase its country’s exports. And while gains are reaped by those of its citizens who work to supply goods for export, currency undervaluation makes most of that country’s citizens poorer."  Next question?

No comments: