Tag Archives: competitive devaluation

The Fallacy that Weakening Your Currency Generates Prosperity

Of the many economic policies that are accepted as true yet are absolute nonsense, perhaps none is more achingly nonsensical than the notion that weakening a nation’s currency will magically make that nation prosperous. Like the equally nonsensical Keynesian Cargo … Continue reading

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Currency Devaluation: The Crushing Vice of Price

VICE is both a sin and a tool in the UK and Oz. In North America, the tool is VISE. I am using vice as both the tool and sin… When stagnation grabs exporting nations by the throat, the universal … Continue reading

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