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No, landlords would NOT be poorer, they're taking in exactly the same as before devaluation. Devaluation directly effects ONLY imports (more expensive) and expo
by AkThhhpppt 14y ago
No, landlords would NOT be poorer, they're taking in exactly the same as before devaluation. Devaluation directly effects ONLY imports (more expensive) and exports (cheaper): it effects the local economy only based on how much it depends on each.
- Tichy 14y agoThat is simply false. Think it through.
- AkThhhpppt 14y agoI am being paid a number of arbitrary denominators of value per time period. Government declares that the arbitrary denominators of value now buy half the number of a different arbitrary denominators of value they did previously. Because I am a locovore Luddite (for the sake of the argument), everything I buy is made in the country, with materials produced in the country. How does the devaluation effect me?