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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 tuned into Bob Brinker's AM show while doing my errands on Saturday and caught a spiel in which he denigrated the anti-central banking views of "a congressman," whom he refused to name but obviously meant Ron Paul, contending that monetary policy would revert to Congress in absence of...
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To what extent does central banking and the manipulation of interest rates affect the economy? Is it just the inflation that robs us 5% of savings every year or do they hurt us in other ways as well? In addition to that, do central banks do anything else other than create inflation? From what I've...