Quote:
Originally Posted by dino7c
do you have any idea how much cash they are printing daily?
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In 1971 the Canadian Dollar was pretty much on par with the US, in the intervening half century it has gone to a 1.30, that is about 1 to 2% loss of value a year, that's what a viable currency does, printing money is at times essential to reduce deflation, reducing money supply is at other times essential to limit inflation, that's how currencies have to work to function