Very Basic economics question.

Discussion in 'Economics' started by tj07, Jun 7, 2007.

  1. jem

    jem

    The thing about us being able to print dollars for oil.

    how is it different from anyone else who has a floating currency.

    we get to save the transaction fee on the conversion from euros to dollars?

    If we print too much money the dollar becomes devalued - just like everyone elses currency.

    that is why oil and gold now cost more.
     
    #21     Jun 9, 2007