Sunday, March 23, 2014

The once and future currency

http://www.economist.com/news/finance-and-economics/21598651-new-book-examines-worlds-love-hate-relationship-dollar-once-and

This article talks about the world's love hate relationship with the dollar. It talks about a new book that was released that talks about the ups and downs associated with our currency. With the economy fluctuating so much in the past few years, this book could be an interesting read for those interested in exchange rates, trade and all things that focus on the strength of the dollar. The value of a country's currency can make or break an economy at times so learning about the dollar through this book can be very beneficial.

3 comments:

Anonymous said...
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Anonymous said...

The US is one of the world's, if not the world's, greatest super power and a lot of pressure comes with this. The US has great effect on many global economies and they have to be fully informed with what is going on in the US for their own economy to run smoothly.

Anonymous said...

This is an especially interesting article with the current sentiments about bitcoin, a digital currency that is a money-like informational commodity. The US Treasury refers to bitcoins as a decentralized currency because it is not controlled by a single repository (central bank). Renowned investor, Warren Buffett is vehemently against the bit coin infatuation, but successful new-age investors like Marc Andreessen see bitcoin as a "can't miss" investment. It will be interesting to see how bitcoins affect the relationship of the US dollar as referenced in this article.