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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2708412, member: 71723&quot;]No, when a nation&#039;s currency increases in value, it makes their products more expensive in world markets and makes imports cheaper at home. When a home country&#039;s currency declines in value, its products become cheaper abroad, helping domestic production, and therefore employment.</p><p><br /></p><p>Right now and in the intermediate term, keeping employment going is far and away the bigger problem than any rich guy&#039;s &quot;store of value&quot;. The very concept of &quot;employment&quot; is facing a potentially radical change unprecedented in world history.</p><p><br /></p><p>An agrarian or even an industrial society could manage to operate under &quot;hard currency&quot;. It&#039;s not at all clear whether a thoroughly knowledge-based economy, with full penetration of Artificial Intelligence, can operate at all without radical changes in economic theory. The one thing we DO know is yesterday&#039;s answers will NOT work.[/QUOTE]</p><p><br /></p>

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