Many people like to dream up ways to get rich quick. Many people dream about inventing great things that could make them wealthy in a hurry. I often think about money also, but just in case you haven't figured it out yet, please be warned that I have some unconventional ways of thinking.
The money question I wish to place before you today is a concept which I have never gotten a decent answer to. When I pose this question I get blank looks, shrugged shoulders, an occasional sneer, and most often a good hearty "who cares!" Be that as it may, I place my query here for you today in the hope that I might get at least one good answer. Here's the question:
What would be the immediate and long-term economic effects if the United States, Canada, and Mexico were to equalize their currencies and maintain a neutral currency exchange rate?
There, now that's not such a stupid question is it? I'm sure that the question has already been fully addressed in other forums and I would very much welcome any links that readers could provide to appropriate discussions of this concept. I welcome any and all answers. Thanks in advance for your time.
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Reader Comments (Page 1 of 1)
4-15-2007 @ 1:52AM
OLDMAN said...
IT WOULD SLOW DOWN EXPORT OF JOBS TO MEXICO BY THE USA AND THOSE PEOPLE THAT LET US GET INTO NAFTA SHOULD BE HUNG LIKE SADDAM
4-16-2007 @ 12:34AM
jason said...
Hm...Considering the effects of the EU [an inflation occured over there, hurting the poor and middle class]. I would think the same would happen here [US], whether our currency standard is lowered or peso value is raised, I think us or Mexico will be hurt a lot more. As for Canada, I think it is safe enough to say our economies are equal enough to have a stable neutral currency system.