Mixed views on this. Since college, when we were taught that a “ weak “ currency is good for exports. Irrespective of which political party or formation is in power, a strong currency signifies that the economy is sound, well managed, harvesting growth opportunities., the government is fiscally prudent. For a long time, China’s success in exports was attributed to “ currency manipulation “. Not acknowledging that it rested on a very globally competitive manufacturing sector.
We need more of such sane articles reaching everyone than those filled with political slugfest. The states intervention creates unnecessary distortion…. like a lie that needs more lies to sustain itself.
Mixed views on this. Since college, when we were taught that a “ weak “ currency is good for exports. Irrespective of which political party or formation is in power, a strong currency signifies that the economy is sound, well managed, harvesting growth opportunities., the government is fiscally prudent. For a long time, China’s success in exports was attributed to “ currency manipulation “. Not acknowledging that it rested on a very globally competitive manufacturing sector.
We need more of such sane articles reaching everyone than those filled with political slugfest. The states intervention creates unnecessary distortion…. like a lie that needs more lies to sustain itself.