What S So Bad About 1 1
My questioner looked puzzled at first–and then, suddenly, relieved. That was when the real importance of what I had just said began to dawn on me. With an exchange rate this close to the 1:1 mark, we are–quite inadvertently–getting close to a very significant event in the annals of world finance. Economists have long dreamed about a world operating on the basis of one currency. The efficiency gains may be tremendous....