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I'm currently reading Currency Wars by James Rickards. In it, he says that one way for a nation to boost its exports is to depreciate its currency by printing money. For example, let's say that the price of a German car is 20,000 marks or 20,000 US dollars. And let's say the exchange rate...
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I am in the process of reading Not a Zero Sum Game, but I do have a confusion that maybe you or someone else can help explain. In the book, he makes the argument that "No matter what he produces, every exporter ends up with foreign currency as his final product." This confuses me. Essentially...
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[quote user="Libertarian_for_Life"] According to Ch. 12 in "Economics in One Lesson", in the scenario in the 2nd paragraph, the British importers pays in pounds, then through exchange or direct buyback, someone in America must buy something from Britian because he can't use the...