More Swedes want to switch currency from the krona to the Euro, with support the highest it’s been since 2009, according to a survey by Gothenburg University’s SOM Institute.
Paywall? https://archive.is/ZXdUu
More Swedes want to switch currency from the krona to the Euro, with support the highest it’s been since 2009, according to a survey by Gothenburg University’s SOM Institute.
Paywall? https://archive.is/ZXdUu
Can’t blame them. The Euro is managed quite reasonably. I can’t speak for the Swedes but the EU only has to gain from Sweden joining the Eurozone. I’ve seen people comment here that giving up currency sovereignty is a terrible idea. But what does that mean? To me it simply means that in times of crisis, governments cannot simply order their central banks to print more fiat currency. This doesn’t seem like a great long-term policy either… but then again I’m not a full-time economist.
Feds don’t normally print money. That would be the treasury and they don’t get to choose how much. The feds usually adjust interest rates by buying and selling treasury bonds that they don’t pay for, or I should say pay for with accounts they can adjust their balances as needed, including destroying “money”, to achieve the desired interest rate and slow or speed the economy. A point of interest is that the fed is not a part of the government and isn’t supposed to be influenced by it. I know it’s a lot easier to just say they or the government just print money but there is a lot of nuance. Anyway, that’s not really what the discussion is so have a great day!