Thursday, June 4, 2015

Yves Smith — The Economics of Parallel Currencies


Lots of different views about the tradeoffs. Those on the right write it off as impractical.

Naked Capitalism
The Economics of Parallel Currencies
Yves Smith

2 comments:

Ralph Musgrave said...

Impractical? The Swiss 2nd currency, the WIR has been going strong for 70 years and thousands of firms use it. And in Peru, Peru's own currency and the US dollar are used side by side. Seems to work.

Tom Hickey said...

I said it was the right. It's ideological.