Quote:
Originally Posted by shanm
Oh hurr durr durr I made a mistake.
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Yes, you did, shamfucker. Making mistakes is something you are very prone to do, especially when it comes to economics. Your inability to match up countries and currencies is but one example. Then there is this rambling nonsense:
Quote:
Originally Posted by shanm
If you're implementing a uniform currency then that means the price of goods everywhere will be the same, (otherwise everyone will engage in a process called arbitrage, which can not exist in the long run).
Think of another country like Pakistan, where the average yearly income is $9800. Can you imagine people in the U.S trying to support a family of 4 on 10 grand?
Maybe try using your tiny little head before posting bullshit like this.
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Arbitrage doesn't require a common currency. It happens right now everyday with multiple currencies. And if some countries try to artificially over- or under-value their exchange rates, it only creates MORE opportunities for arbitraguers to exploit!
And Pakistan's per capita income isn't anywhere near the $9800 level you cite. Estimates vary, but even the Pakistan Bureau of Statistics puts it at around $1500. So you are off by a factor of 6X, you sloppy retard.
http://tribune.com.pk/story/889024/p...s-1513-a-year/
And before you try to save face by claiming that only makes your point stronger - it doesn't. The fact that the US uses a single currency hasn't reduced the income disparities that you and your fellow libtard dems keep fulminating about. Per capita income varies widely among the Eurozone countries too - even though they share the same currency. So once again, your "point" is invalid and not very well thought out.
On the bright side, this means as long as your skills don't slip when it comes to delivering your behind-the-dumpster services at Tallywackers, you and woomby don't need to worry about losing your jobs to the Pakis down the street working the dumpster behind the 7-11!
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