Quote:
Originally Posted by CaptainCrunch
The issue with using anyone elses currency is that you lose control of your economy and become a servant state, you can't effectively budget or even trade.
Also the country that owns it might not be too happy with someone else hijacking your currency because it effects the value of your dollar.
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There are drawbacks, but you have other ways to control your economy. There is both fiscal and monetary policy at your disposal. It has worked out for the Euro, despite the obvious issues it has caused for countries like Greece. It also worked for some countries who have a currency that is pegged to another, so it definitely can be done.