Archived Devaluation of Nigeria Currency Causes More Harm than Good (educacinfo.com)
submitted ago by daskapitalist
Posted by: daskapitalist
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Archived on: 2/12/2017 1:51:00 AM
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Archived Devaluation of Nigeria Currency Causes More Harm than Good (educacinfo.com)
submitted ago by daskapitalist
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[–] Cuilrunnings ago
Isn't that always the case with currency devaluation?
[–] daskapitalist [S] 0 points 1 point 1 point (+1|-0) ago
Austrian economists would say "of course". Keynesians think it can be good (for various reasons that I'm dubious of).
[–] Cuilrunnings ago
Well, it's a good way to clear a massive wall of debt that was built up through government intervention. So if you're already within that framework it can make sense in limited scenario's. The concept of a debt "jubilee" is very good for societies. Slow and stead inflation is simply a gradual jubilee over time.