Ch 11

The concept of weak currency being not necessarily a positive but not a negative entity in the economy struck me as interesting in this chapter because I am so accustomed to hearing about its negative effects. "There is nothing inherently good or bad about a "weak" or "strong" currency" Wheelan explains and validates with the clan that a weak currency incentivizes cheaper exports. This may hurt consumers, but so could an undervalued currency. Additionally it was interesting to hear how the exchange rate can affect and be amended to strengthen a particular currency.