“Never in the course of history has a country’s economy failed because its currency was too strong. It’s a pathology that simply does not exist. On the other hand, the list of those ruined by weak currencies is extensive. The view that a weak currency is desirable is so absurd that it could only have been devised to serve the political agenda of those engineering the descent. A currency war is different from any other kind of conventional war in that the object is to kill oneself. The nation that succeeds in inflicting the most damage on its own citizens wins the war. The only real way to win is not to play.”
http://www.europac.net/commentaries/biggest_loser_wins
Related posts:
Vitalik Buterin on Cryptoeconomics and Markets in Everything
Sheldon Richman: Truman, A-Bombs and the Killing of Innocents
CIA created 9/11 blowback, American citizens paid
Revisiting The '87 Crash
Book Review: Damn Right! Biography of Charlie Munger
So you want to invent your own currency
Are Police in America Now a Military, Occupying Force?
Richard Stallman: How Much Surveillance Can Democracy Withstand?
Paul Craig Roberts: Pakistani National TV Reveals Osama Killing Hoax
Iraq back at the brink
Sticky Thoughts: The Market, Not The Government, Gave Us Super Glue
Peter Schiff: The Biggest Loser
Is College A Scam?
MIT Economist’s Audacious Paper on Economic Climate Models
"Ferguson Effect": Increased Police Lethality, More Prosecutorial Deference
