How Do You Stimulate Your Currency Without Devaluing It?

The i m f are basically saying, ok, we're in an extraordinary situation right in is countries need to print money. But that was a post world war two construct that allowed all nations to not compete with each other on interest rates. If you do it together, then what are you dvaluing against? Well, hard assets, piccoin, gold, stuff like that. You're not winning terms of trade. This is the idea that facebook libra had, which is create a basket of currencies where the dollar is one of the currencies. It's not the denominator. So if you think of everything else, it's that youre o against dollars, yen against dollars.

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