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Re: The Economic recover: anyone willing to make a prediction?
If trade among countries is to occur, what should be the measure of value? The trade item itself can
have a value depending upon what someone will pay for it, but what is the value of the medium of exchange itself? What sets the value of the Romanian leu for instance? Would you sell your property for this currency? The dollar has been serving the purpose of currency of last resort, but now this is changing. What will become the standard, or store of value that the dozens of world currencies will all accept?
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