Hygro
soundcloud.com/hygro/
You are given two options:
Your country gets
A) a stronger currency
B) a weaker currency
Which do you prefer and why?
Your country gets
A) a stronger currency
B) a weaker currency
Which do you prefer and why?
Would you prefer a stronger currency or a weaker currency?
- Thread starter Hygro
- Start date
Timsup2nothin
Deity
- Joined
- Apr 2, 2013
- Messages
- 46,737
You left out "don't care." I mostly operate on direct bartered labor so the little bits of currency that pass through my hands pass through quickly and the denominations don't really matter.
jackelgull
An aberration of nature
I live in the US which is an import nation, so I would prefer our country have a stronger currency.
Hygro
soundcloud.com/hygro/
Kept* out.
danjuno
Cole Phelps, Badge 1247
I would have put it like the political compass and asked whether controlling inflation or unemployment is more important.
In any event, high inflation is preferable to high unemployment, so I vote for weaker.
In any event, high inflation is preferable to high unemployment, so I vote for weaker.
Hygro
soundcloud.com/hygro/
That's a more interesting question, true. Related, it is a different question.
GoodEnoughForMe
n.m.s.s.
The nice side of me votes weaker for the purpose of the economy at large, but the "I travel overseas quite a bit" side of me is an a-hole.
jackelgull
An aberration of nature
I thought stronger/ weaker currency is more about whether the country you live in imports a lot or exports a lot. If it imports a lot wouldn't it want a stronger currency? Or is my economics bad?
danjuno
Cole Phelps, Badge 1247
You're correct Jackie, but it can be argued that inflation makes US investments and products cheaper and more enticing to European investors.
Hygro
soundcloud.com/hygro/
I think you can make a case this direction, based on a country's real needs and where those real things are made/grown/ etc. OTOH if you country exports a lot, it might be because you have a weaker currency. And if you import a lot it might be because you have a stronger one.
I want a weak currency until about the middle of the year for purely selfish reasons (family needs to transfer money from overseas) then I want stronger currency also for purely selfish reasons (buying games and stuff in USD)
Hygro
soundcloud.com/hygro/
"A terrible currency"
It doesn't really matter. It's the process of strengthening or weakening that causes the economic pain. Once a steady state is reached, it doesn't matter.
Borachio
Way past lunacy
- Joined
- Jan 31, 2012
- Messages
- 26,698
Stronger or weaker in relation to what?
Which is to say: if one currency is stronger another must be weaker. No?
So if you think your currency should be stronger/weaker (because you think that would give you a better standard of living) it must be also the case that you think another currency should be weaker/stronger.
Which must mean you think that someone else shouldn't be as well off as you are. For some reason which escapes me.
But then I never did understand economics.
Which is to say: if one currency is stronger another must be weaker. No?
So if you think your currency should be stronger/weaker (because you think that would give you a better standard of living) it must be also the case that you think another currency should be weaker/stronger.
Which must mean you think that someone else shouldn't be as well off as you are. For some reason which escapes me.
But then I never did understand economics.
Lohrenswald
世界的 bottom ranked physicist
I want no currency
#rebel
#rebel
classical_hero
In whom I trust
I want a strong currency since i buy a few things from America, or others do and I buy from them, so it's getting more expensive to buy those things.
warpus
Sommerswerd asked me to change this
Stronger because I'm Canadian. A Canadian dollar at parity with the $USD is better for me than a Canadian dollar that's only worth 70 American cents. That's the main reason.
Implications of a stronger Canadian currency (for me personally):
- Expensive trips to far away places become cheaper.
- Actually I guess to be accurate most trips to other countries become cheaper.
- Travel to the U.S., the land where everything is cheap, becomes a lot more attractive. I'm an hour away from the border, if the Canadian $ is worth $1.20USD (hey, it could happen), going to the U.S. becomes an adventure to a magical awesome land.
- My Canadian RRSP options and investment stuff usually performs better when the Canadian $ is strong
- My American RRSP options and investment stuff is cheaper so I get more when I make contributions.
- It opens new doors in terms of online shopping options. The U.S. is a huge market, but usually it's more economical to order from Canadian sources. The stronger a Canadian $ is, the more that equation swings over to "Hmmm maybe we'll check out some American sites to order from"
- When our dollar is doing well the economy is usually doing well too, there's less unemployment, etc. I have no idea if that's an actual thing or confirmation bias or whatever, but they seem to align to some degree. This helps me because the happier and better off other Canadians are, the less likely it is that they'll pick a fight with me or get annoyed at something I did. And that would be a hassle. Plus I generally just want people to have a good time, so overall it seems to be a win/win/win.
- It would make me feel powerful knowing that the money in my wallet has so much power and is better than other currencies. "Why yes, that is the Queen and a beaver" I would say with pride at a bar in a far away place or whatever, when questioned about the currency in my wallet.
- It would probably lower prices of things we import, at least in theory, and I think we import a bunch of stuff I like, such as cheese, so there's another potential benefit there.
- A side benefit also would be that nobody could really effectively make fun of our money. For those of you not in the know, in this part of the world there is only Canada and America. America has white and green money, and Canada has normal money. But they are Americans so they think their money is normal instead, the implication being that Canadian money looks like monopoly money. Which is actually not even an implication but rather a common American joke. But see, the thing is, when ours dollars reach parity, the jokes slow down and sometimes even stop. And who cares about jokes, I know, but wouldn't it be better if instead of random insults people randomly praised our money instead? Yeah, that's a benefit for sure. "I bow down before your superior Canadian currency" sounds much better.
Implications of a stronger Canadian currency (for me personally):
- Expensive trips to far away places become cheaper.
- Actually I guess to be accurate most trips to other countries become cheaper.
- Travel to the U.S., the land where everything is cheap, becomes a lot more attractive. I'm an hour away from the border, if the Canadian $ is worth $1.20USD (hey, it could happen), going to the U.S. becomes an adventure to a magical awesome land.
- My Canadian RRSP options and investment stuff usually performs better when the Canadian $ is strong
- My American RRSP options and investment stuff is cheaper so I get more when I make contributions.
- It opens new doors in terms of online shopping options. The U.S. is a huge market, but usually it's more economical to order from Canadian sources. The stronger a Canadian $ is, the more that equation swings over to "Hmmm maybe we'll check out some American sites to order from"
- When our dollar is doing well the economy is usually doing well too, there's less unemployment, etc. I have no idea if that's an actual thing or confirmation bias or whatever, but they seem to align to some degree. This helps me because the happier and better off other Canadians are, the less likely it is that they'll pick a fight with me or get annoyed at something I did. And that would be a hassle. Plus I generally just want people to have a good time, so overall it seems to be a win/win/win.
- It would make me feel powerful knowing that the money in my wallet has so much power and is better than other currencies. "Why yes, that is the Queen and a beaver" I would say with pride at a bar in a far away place or whatever, when questioned about the currency in my wallet.
- It would probably lower prices of things we import, at least in theory, and I think we import a bunch of stuff I like, such as cheese, so there's another potential benefit there.
- A side benefit also would be that nobody could really effectively make fun of our money. For those of you not in the know, in this part of the world there is only Canada and America. America has white and green money, and Canada has normal money. But they are Americans so they think their money is normal instead, the implication being that Canadian money looks like monopoly money. Which is actually not even an implication but rather a common American joke. But see, the thing is, when ours dollars reach parity, the jokes slow down and sometimes even stop. And who cares about jokes, I know, but wouldn't it be better if instead of random insults people randomly praised our money instead? Yeah, that's a benefit for sure. "I bow down before your superior Canadian currency" sounds much better.
SS-18 ICBM
Oscillator
I want to travel, so a stronger currency.
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