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Intricacies of The Gold Standard | The Twilight of Gold Series | Episode 6 (WiM153)
The "What is Money?" Show
The Import and Export Profitability of a Country
Pall: Domestic import export profitability is basicly the control mechanism of whether money is flowing into or out of your country. He adds that countries still race to debase their currencies, right? To stimulate net exports. If you can denominate things in a weaker currency, then you are actually insentivising other countries to buy your goods and services at a cheaper price. But once th the tie, the mutual measuring stick was gone, he says.
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