European Tribune - Comments - A video on the future of the dollar (and money)

A video on the future of the dollar (and money) | 53 comments (53 topical, 0 editorial, 0 hidden)

Re: A video on the future of the dollar (none / 1)

You can't really default in your own currency, can you?

Because you can always print more.

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Wed Oct 7th, 2009 at 07:24:51 AM EST
[ Parent ]

Re: A video on the future of the dollar (none / 0)

Well, massive inflation and default are more or less the the same for foreign creditors, in the long run. Or if the inflation is really high, in the short run as well.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Wed Oct 7th, 2009 at 07:29:28 AM EST
[ Parent ]

Re: A video on the future of the dollar (none / 1)

The privilege of being the issuer of a global reserve currency is that you are writing cheques you don't have to redeem.

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Wed Oct 7th, 2009 at 07:40:25 AM EST
[ Parent ]

Re: A video on the future of the dollar (none / 0)

I'm not sure what we are disagreeing on here?

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Wed Oct 7th, 2009 at 07:43:59 AM EST
[ Parent ]

A video on the future of the dollar (and money) | 53 comments (53 topical, 0 editorial, 0 hidden)

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