This gets to crux of the matter — market power. Some countries have greater power than ‘the market’ due to their military reach or trade. The US is an extreme example — international trade is largely conducted in their…
Unless the fed chooses to lower interest rates… and that’s before you talk about minting a coin
Right, but at an interest rate that the fed sets…
This gets to crux of the matter — market power. Some countries have greater power than ‘the market’ due to their military reach or trade. The US is an extreme example — international trade is largely conducted in their…
Unless the fed chooses to lower interest rates… and that’s before you talk about minting a coin
Right, but at an interest rate that the fed sets…