giveusfalmerplease
Well-known member
im not an economist but couldnt every recognised country in the world agree to say inkect the equivelent of 100% GDP into their economy and then devalue their currency by 50%? If this was done globally then the exchange rates would remain at status quo (i think) so each country shows no net impact. It means that they can effectively write off the one-off costs the are incurring to both maintain the economy now and the likely ongoing costs once some form of normality returns but with a much higher unemployment rate.
Im sure there are a few people of NSC who are either good at explaining economics or are great accountants that can (probably) blast me with maths why this wont work but surely it would be better than the world all going into recession when they may have a away to avoid the worst of it with something like this approach.
Im sure there are a few people of NSC who are either good at explaining economics or are great accountants that can (probably) blast me with maths why this wont work but surely it would be better than the world all going into recession when they may have a away to avoid the worst of it with something like this approach.