tag:blogger.com,1999:blog-2761684730989137546.post5939951253431063925..comments2024-03-18T19:09:18.510-04:00Comments on Mike Norman Economics: Pars Today — Currency Wars: Nazarbayev recommends the introduction of a global currencymike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-2761684730989137546.post-3549864854746556472017-06-18T03:59:07.891-04:002017-06-18T03:59:07.891-04:00There already is one world currency of last resort...<i>There already is one world currency of last resort... gold.</i><br /><br />There isn't enough gold on the planet to provide the world with currency.<br /><br />And what's the magic of gold? If it's tied to the value of the coin, then each new mine lowers the value of gold.MRWhttps://www.blogger.com/profile/13878920695841363553noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-76006830412218795922017-06-17T21:48:59.789-04:002017-06-17T21:48:59.789-04:00Pipedream globalization V 3.0.Pipedream globalization V 3.0.Noah Wayhttps://www.blogger.com/profile/12012500819097539976noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-87866964535946691462017-06-17T16:18:15.730-04:002017-06-17T16:18:15.730-04:00Nazarbayev is an idiot.Nazarbayev is an idiot.MRWhttps://www.blogger.com/profile/13878920695841363553noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-90025243610192660542017-06-17T14:59:21.998-04:002017-06-17T14:59:21.998-04:00There already is one world currency of last resort...There already is one world currency of last resort... gold.The Rombach Reporthttps://www.blogger.com/profile/09982864018333283368noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-35981196153607771182017-06-17T13:40:39.529-04:002017-06-17T13:40:39.529-04:00A federated world really means one world governmen...A federated world really means one world government.djrichardhttps://www.blogger.com/profile/15687024819979476984noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-78884826524322940762017-06-17T12:47:24.608-04:002017-06-17T12:47:24.608-04:00Too much asymmetry in the EZ for an optimal curren...Too much asymmetry in the EZ for an optimal currency union. <br /><br />Works fine for the states in the US. <br /><br />A world currency would need to operate on similar principles as the US, but a federated world is a long way away. <br /><br />Even Europe with a more or less common heritage can't mange it. Path dependence.<br />Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-23824854913447139032017-06-17T12:14:48.627-04:002017-06-17T12:14:48.627-04:00The Euro has worked out so well! (sarcasm)The Euro has worked out so well! (sarcasm)db68https://www.blogger.com/profile/17412573219431225695noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-22419937931972358222017-06-17T11:03:34.713-04:002017-06-17T11:03:34.713-04:00I don't think that there will be a uniform cur...I don't think that there will be a uniform currency until all countries are almost equally developed. That could take hundreds of years and a lot of ups and downs on the way to greater homogeneity.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-19597793340343345132017-06-17T11:00:44.257-04:002017-06-17T11:00:44.257-04:00Imo all the USD zombies won't go for it...Imo all the USD zombies won't go for it...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-88086253895114085392017-06-17T10:33:54.045-04:002017-06-17T10:33:54.045-04:00Probably come with fiscal constraint like the EUR....<i>Probably come with fiscal constraint like the EUR....</i><br /><br />How could there be a single currency without some rules for issuance that limit national sovereignty?<br /><br />It's basically a kind of fixed rate system like a gold standard, as far as I can see, although there could be some flexibility in issuance based on some rule like population growth, but this would require a monetary authority, such as the UN or some international institution that is not control by any country or bloc.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-50692047105033911652017-06-17T10:09:18.105-04:002017-06-17T10:09:18.105-04:00"Dumping the dollar".
Probably com..."Dumping the dollar". <br /><br />Probably come with fiscal constraint like the EUR....Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com