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I pointed out that a currency of its own is not always a good thing for a small country.

I assume that you have some sort of reason to believe this? Is that a reason you would care to share with the rest of us? Because it is certainly not obvious to me that any small country anywhere has ever done better by pegging its currency to a larger currency than it could have reasonably expected to do if it had retained full sovereignty over its risk-free yield curve.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Sep 8th, 2011 at 08:52:08 AM EST
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