Maddie Binning, Chapter 11, Question #7

I had never realized that strong currency did not necessarily mean a healthy economy. It's an easy conclusion to jump to that a strong dollar meant a strong economy, but through this explanation, it's easy to see what that isn't true. In addition, the explanation as to why one single currency wouldn't be a realistic, functional way to control an economy opened my eyes to a new way of thinking. I had always wondered why we didn't simply have a universal currency in other to do away with exchange rates and such. It makes sense that having a single currency doesn't allow for adjustments in order to maintain differing regional economies. The adjustment that would be made to reduce inflation would only exacerbate potential recession in other localized economies, therefore rendering a universal currency illogical and unrealistic.