Member # 1768
written Saturday, November 27 2004 09:45
I wonder, could someone quickly explain why it matters that a dollar is worth less than a euro?
"Oh, North Wind, why frighten others?
In Nature's family all are brothers.
Puff and blow and wheeze and hiss;
You can't frighten Shingebiss.
Bring your frost and ice and snow;
I'm still free to come and go.
You can never frighten me,
One who never fears is FREE!"
-Shingebiss, the mighty duck
Posts: 830 | Registered: Tuesday, August 20 2002 07:00
Member # 869
written Saturday, November 27 2004 12:25
Exchange rate alone doesn't mean much; the important thing is how it changes over time. What matters is that if you want to travel to or trade with Europe, your money isn't worth as much as it was a while ago.
The Empire Always Loses: This Time For Sure!
Posts: 9973 | Registered: Saturday, March 30 2002 08:00
Member # 4233
written Monday, December 6 2004 12:52
When the dollar is weaker relative to the euro, imports from Europe (which are purchased in euros) cost more. The usual result of this is that US consumers then are more likely to purchase products manufactured in the US. This in theory would bolster the US economy by increasing demand for US goods, leading to an increase in employment/wages/whatever. HOWEVER, a country can't devalue its way to prosperity.
Posts: 2242 | Registered: Saturday, April 10 2004 07:00
Member # 14
written Monday, December 6 2004 12:55
Unless you're China... ;)
"Abandon all hope, ye who enter here!"-The Divine Comedy
Posts: 1481 | Registered: Thursday, September 27 2001 07:00
Member # 335
written Monday, December 6 2004 13:03
This is a truly bizarre topic. It resides in the RWG section, yet it is neither a horror in the eyes of man nor relevant to the games. I find myself at a loss.
—Alorael, who will send this off to General. He'll leave a locked copy behind, too, because his collection is getting old and dusty.
Posts: 14579 | Registered: Saturday, December 1 2001 08:00