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Technology Stocks : Intel Corporation (INTC)
INTC 45.51+10.7%Jan 9 9:30 AM EST
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To: Tunica Albuginea who wrote (38182)10/28/1997 10:01:00 PM
From: mauser96  Read Replies (1) of 186894
 
Thanks for the response. I just don't think it is realistic in this modern world of rapid change for anything to stay stable and static. Everything changes, including the relative value of one currency against another. All a country can possibly expect to achieve is a non inflationary internal policy. The currencies of the most advanced and richest countries in the world are continually adjusting against each other. This happens because long experience has shown that it is the best way- markets aren't perfect, but they are better than governments.Raising interest rates helps support a currency by making debt instruments more desirable, but it has the bad effect of increasing the cost of business. Almost everything a government can do has a price associated with it. Linking a currency to another or gold also has a stiff price, because it puts your monetary policy in the hands of others. The classical gold standard resulted in shrinkage of the money supply in countries when they least needed it during times of recession. A non fixed currency devalues slowly, giving the public time to adapt. The situation in some of the ASain rim countries led to a sudden collapse of an overpriced currency, which has much worse effects.
good investing
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