Comments on: Is a single currency for all the world a good idea? http://www.ethnography.com/2010/02/is-a-single-currency-for-all-the-world-a-good-idea/ A group blog on a wide variety of topics realted to anthropology Fri, 30 Dec 2011 16:34:11 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Tony http://www.ethnography.com/2010/02/is-a-single-currency-for-all-the-world-a-good-idea/comment-page-1/#comment-4707 Tony Mon, 08 Feb 2010 20:28:40 +0000 http://www.ethnography.com/?p=534#comment-4707 I don't know, Mark. Being able to manage a currency is at the very core of what a country is about. By giving up that power, governments give up a capacity to control inflation, etc. That the EU has been successful in doing this so far, is a great tribute to reams of treaties, etc., which restrict the capacity of each country to exercise such sovereign rights. Suddenly throwing this responsibility open to 190+ countries would be a daunting task, indeed, and probably not that practical in the short run at least. I don’t know, Mark. Being able to manage a currency is at the very core of what a country is about. By giving up that power, governments give up a capacity to control inflation, etc. That the EU has been successful in doing this so far, is a great tribute to reams of treaties, etc., which restrict the capacity of each country to exercise such sovereign rights. Suddenly throwing this responsibility open to 190+ countries would be a daunting task, indeed, and probably not that practical in the short run at least.

]]> By: herb http://www.ethnography.com/2010/02/is-a-single-currency-for-all-the-world-a-good-idea/comment-page-1/#comment-4682 herb Mon, 08 Feb 2010 14:42:05 +0000 http://www.ethnography.com/?p=534#comment-4682 this should help answer the question http://en.wikipedia.org/wiki/Optimum_currency_area this should help answer the question

http://en.wikipedia.org/wiki/Optimum_currency_area

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