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View Diary: New: concern trolling the euro (241 comments)

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  •  The point is... (5+ / 0-)

    ...that your currency valuation is a reflection of your economy, not the other way around. If your country is generating useful goods and services that can be exported, your currency rises. If not, it falls.

    Of course, there are second-order effects where rising currency causes exports to be more expensive thus hurting them, etc, but they are second order effects. The economy is the driving force in currency valuation.

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