The by-product, wanted or otherwise, is a weaker currency. The laws of supply and demand apply – when you increase the supply of something its price must fall. At the start of 2008 theECB’s main Deposit Facility interest rate stood at 3.25and the euro to dollar exchange rate hit a...
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Visit worldreports.org and read about what has REALLY been going on behind the scenes. If you doubt what the author of that site has to say, just go to any serious B-school library and read his mainstay–THE WORLD CURRENCY REVIEW. Harvard, Yale and Oxford carry his reports. I’d love...
and gives individuals living in present and future eras a fair chance to acquire currency units, while at the same time retaining a strong incentive to obtain and hold ether because the inflation "rate" still tends to zero over time (eg. during year 1000001 the money supply would incr...