<<  >> (p.18)
    Author Topic: What will happen if we use a one currency only?  (Read 19577 times)
    freeyourmind
    Sr. Member
    ****
    Offline Offline

    Activity: 364
    Merit: 252



    View Profile
    June 28, 2017, 06:09:07 AM
     #341

    This is something that European union has tried and partialy successeded, to use one currency for all member states. And still there are problems so I don't think it's possible for entire world to use only one currency. Many countries consider currency as part of their sovereignity and something that economy is dependent on so it's hard to abandone that.
    The experiment of the euro has been a completely failure in my opinion, they tried to impose a single currency to different nations with different needs and we are seeing the consequences of that terrible mistake, I would not like to live in a country in which politicians are risking the future of the people in order to try to make an experiment work.

    Consequences such as....? The Euro has made doing business and banking across borders much easier. Traveling has become much more comfortable without having to exchange money all the time. I don't want to think about how complicated buying Bitcoin would have been without the Euro.

    There might be a shortage in supply , yet it will be much easier to travel plus to have more access in different activities worldwide. Though chance that it will be impossible to implemented since tgere are a lot of countries that are not in good terms to be able to happen this there must be a leader that everyone listened too.

    The supply wouldn't be that important, because prices would need to change given whatever the money supply is.

    A countries monetary policy would go away, which would be the ability to manipulate the money supply and cost of debt.
Page 17
Viewing Page: 18