In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.
The currency of universal values make brands innately sharable.
If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
The euro is not a currency. It is a political weapon to force countries to implement the policies decided by the E.U. and keep them on a leash.
This is a once in a lifetime event. It is very rare to remove 86% of the currency in circulation in one go. The logistics of such an operation are mammoth.
Paper currency has hitherto been regarded with suspicion, as insecure.
English businesses would face massive transaction costs if Scotland, their second biggest export market, used a different currency.
