Mises Daily
Author:
Patrick Barron
Online Publish Date:
What the media calls a “currency war,” whereby nations engage in competitive currency devaluations in order to increase exports, is really “currency that weakening one’s own currency will improve domestically-produced products’ competitiveness in world markets and lead to an export driven recovery. As it accuse their countries’ trading partners of engaging in this “beggar-thy-neighbor” policy and recommend that England and the US respectively enter this so-called