The rush to devalue national currencies is like cutting off your foot so your
favorite transnational corporation can sell you an overpriced prosthesis, made
in their overseas sweatshop, to an HMO that Medicare will cover. Soon with
Obamacare, only Medicaid recipients will qualify. The way to look at devaluing
your countries currency is that it takes more worthless fiat species to buy the
same amount of products. How laudable is this economic policy?
Read the entire essay from the Inherent Autonomy archives
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