Re: Was Greg the keynote speaker? Not Lemond!!

SLAVE of THE STATE wrote:
So how does spending money on a military action -- whether justified
or not -- depreciate a currency relative to another? And is there
something unique about that way of devaluing a currency (when it comes
to the currency itself, not moral concerns regarding the
warmongering)? What else (more rudimentary) might be involved? How
is the war being financed? Are other things financed in the same way?

Don't budget deficits (along with trade deficits) lead to a weaker
currency ? Pouring money into a hole can result in a budget deficit.


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