I cannot agree more. If the poor did not spend their money to buy international goods but only local stuff, why will they be affected by the devaluation?
I think devaluation actually help to boost their export.
Quote:
Originally Posted by mutantchicken
yes but its the same poor who are buying stupid iphones that create the trade imbalance to justify the devaluation, its the really poor that i feel sorry for not the stupid poor ones earning 3mill.
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