New Posts For Thread: Couple of economics questions.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23729094/couple-of-economics-questionsWould appreciate some sage explanation of the following questions. 1. Why do some nations have to devalue their currency, such as the UK in 1967 ? Is it simply because the cost of production, i.e. wages, is too high ?2. Since the abolition of the GolIf you start with the concept that everything about money is smoke and mirrors and all illusion and then you add to that the confidence and trust that people have in each other to deliver what they promise then add to that that some b@stards can makehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23729094/couple-of-economics-questions?post_id=426042562#426042562If you start with the concept that everything about money is smoke and mirrors and all illusion and then you add to that the confidence and trust that people have in each other to deliver what they promise then add to that that some b@stards can makeWed, 10 Mar 2010 13:08:55 -0600Googled devaluation and didn't come up with anything that useful. The Wikipedia entries aren't up to much either.Thanks for taking the time out to reply anyway.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23729094/couple-of-economics-questions?post_id=426042550#426042550Googled devaluation and didn't come up with anything that useful. The Wikipedia entries aren't up to much either.Thanks for taking the time out to reply anyway.Wed, 10 Mar 2010 04:11:06 -0600I'm well qualified to answer your question. But I won't. Partly because I can't be arsed, and partly because you could probably just type 'gold standard' into wikipedia and get a better answer.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23729094/couple-of-economics-questions?post_id=426042546#426042546I'm well qualified to answer your question. But I won't. Partly because I can't be arsed, and partly because you could probably just type 'gold standard' into wikipedia and get a better answer.Tue, 09 Mar 2010 19:26:04 -0600i got an answer. who cares? and why would it be relevant in 2010? a quick look in a 20 year old economics text book will give tou the answers.Have you heard of google?https://community.betfair.com/tradefair__financials/go/thread/view/94198/23729094/couple-of-economics-questions?post_id=426042542#426042542i got an answer. who cares? and why would it be relevant in 2010? a quick look in a 20 year old economics text book will give tou the answers.Have you heard of google?Tue, 09 Mar 2010 19:19:48 -0600Would appreciate some sage explanation of the following questions. 1. Why do some nations have to devalue their currency, such as the UK in 1967 ? Is it simply because the cost of production, i.e. wages, is too high ?2. Since the abolition of the Golhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23729094/couple-of-economics-questions?post_id=426042538#426042538Would appreciate some sage explanation of the following questions. 1. Why do some nations have to devalue their currency, such as the UK in 1967 ? Is it simply because the cost of production, i.e. wages, is too high ?2. Since the abolition of the GolTue, 09 Mar 2010 18:18:50 -0600