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Sebastian Helenius

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A Single World Currency and a World Central Bank - For or Against?

The debate is in the headline. Any opinions?

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    Aug 20 2012: I think Europe shows that you can't have a single world currency unless you also have a single fiscal manager and a single body controlling industrial relations. Otherwise you would end up with (Greece and Germany) situations world wide. Sounds like a good way to start world war three to me.
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      Aug 20 2012: So a solution would be to have a domestic currency for any nation (nation chooses their own domestic currency) and then an international currency managed by a single fiscal manager or at least panel of managers?
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        Aug 20 2012: That's basically what we have now. You do international business in either USD or Euros as a quasi-international currency as they are (or were) attached to an old stable economy. Now we may have to pick something else. Yuan perhaps?
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          Aug 20 2012: Swiss Franc! Of course it's interesting watching the Swiss try everything in the book to keep people from giving their currency too much attention.
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        Aug 21 2012: Yes the mythical Swiss Franc from that mythical land that seems to have a massive economy all based on cuckoo clocks or something, no one seems to really know. Swtzerland it disappears if you look directly at it.
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          Aug 21 2012: Ah yes the Cuckoo Clock Exchange Standard! A notable success.

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