Raj
@rkadian.bsky.social
Machine learning amateur. Curious about economics and politics
Reposted by Raj
3/6
There is an important lesson here. Currency depreciation works by boosting the production of tradable goods at the expense of domestic consumption. It is a subsidy on production, in other words, and a tax on consumption.
There is an important lesson here. Currency depreciation works by boosting the production of tradable goods at the expense of domestic consumption. It is a subsidy on production, in other words, and a tax on consumption.
February 17, 2025 at 7:51 AM
3/6
There is an important lesson here. Currency depreciation works by boosting the production of tradable goods at the expense of domestic consumption. It is a subsidy on production, in other words, and a tax on consumption.
There is an important lesson here. Currency depreciation works by boosting the production of tradable goods at the expense of domestic consumption. It is a subsidy on production, in other words, and a tax on consumption.