One world currency...do you think it's coming?

pateljam

Lesbelges wrote:

No way in hell it's ever going to happen any time soon!

Anyone who thinks this is possible does not have knowledge of basic macro economics.

If there was a single currency then no country would be able to manage its monetary policy (i.e. No Fed) i.e.:

-No increasing/decreasing money supply
-No cutting/raising interest rates

Here are some examples:
-Imagine if the US was experiencing high inflation (which is fought by reducing the money supply or by increasing interest rates) well the US would not be able to do anything since it would not have those tools.

Now, I think that for the world as a whole and very idealistically this would be a great idea. However, I don't think that the US would ever go for a single world currency while it is still a super power.

Uh yeah like we are doing a good job of managing monetary policy right now...

I think within ten years we are not going to reconigize this country or its money...