Money's worth is a common agreement that can only be held together by and within a large entity, such as a country.
I've always been curious how trading in foreign currency works. If the US decides to trade $10 million for another country's goods/currency/something, what happens if the US then prints out a whole bunch more $ (more than normal) and as a result devalues the dollar? Do countries do this? How can they be held responsible?
Now that corporations are becoming more and more international, and in many ways seeming to become more powerful than countries, could banking/investment corps run some major heinous schemes based upon the above principle (perhaps more complex in implementation)?
The worth of money and foreign trade (Score:1)
I've always been curious how trading in foreign currency works. If the US decides to trade $10 million for another country's goods/currency/something, what happens if the US then prints out a whole bunch more $ (more than normal) and as a result devalues the dollar? Do countries do this? How can they be held responsible?
Now that corporations are becoming more and more international, and in many ways seeming to become more powerful than countries, could banking/investment corps run some major heinous schemes based upon the above principle (perhaps more complex in implementation)?