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by zurn 3916 days ago
That's the beauty of having your own floating currency though. Independent of what the problem is, your trade balance evens out automatically. If a country's forestry exports tank, imports will become more expensive and exports will become more competitive though currency depreciation. And people will eat more domestic cheese vs imported, stimulating domestic demand.
1 comments

Aside from going to school for economics, what do I read to grok this concept much better?