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Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
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[quote:vesper 25585886:MV8yMDE4NjMwXzMzOTIyMzQzXzNCQTkxNUJG] how abouts they stop.... IDK [b]STOP PRINTING BULLSHIT MONEY[/b] [/quote]
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U.S. Federal Reserve Chairman Ben Bernanke said a little currency appreciation in the developing world is not a bad thing.
Speaking at the International Monetary Fund meeting in Tokyo this weekend, Bernanke urged Third World nations to allow their currency to appreciate as a means of actually preventing inflation.
"The perceived benefits of currency management inevitably come with costs, including reduced monetary independence and the consequent susceptibility to imported inflation," Bernanke said.
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