http://www.myylt.com/2010/06/04/discuss-the-merits-and-demerits-of-a-single-unified-world-currency-paper-money-whose-supply-is-determined/ Discussion of Forex Trading and Currency Trading Sat, 11 Feb 2012 22:27:12 +0000 http://wordpress.org/?v=2.3.3 http://www.myylt.com/2010/06/04/discuss-the-merits-and-demerits-of-a-single-unified-world-currency-paper-money-whose-supply-is-determined/#comment-26339 SDD Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2010/06/04/discuss-the-merits-and-demerits-of-a-single-unified-world-currency-paper-money-whose-supply-is-determined/#comment-26339 For a case study take a look at what is happening in Greece and Venezuela today. Both countries have irresponsible governments. The Greeks are tied to the Euro, so they are unable to inflate their currency, Consequently they turn to their EU neighbors to be bailed out of the mess they have created. In Venezuela there are no such constraints, and the government is in the process of collapsing the country via runaway inflation. For a case study take a look at what is happening in Greece and Venezuela today. Both countries have irresponsible governments. The Greeks are tied to the Euro, so they are unable to inflate their currency, Consequently they turn to their EU neighbors to be bailed out of the mess they have created. In Venezuela there are no such constraints, and the government is in the process of collapsing the country via runaway inflation.

]]>