Letters 20 October 2012

In Letters

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20th October, 2012
INFLATION AND DEVALUATION The argument that we need to inflate our currency, hence devalue it, to be prosperous is plain wrong (“High flying kiwi”, October 6). When Germany let its currency turn to nothing, there was widespread chaos that led to the ultimate murderous outcome. When Germany fought inflation, it became one of the strongest economies. The exporters who have unlimited orders have one of two simple solutions: (1) raise the price until the number of orders reduces ...

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