mnbvcxz123
mnbvcxz123 t1_j2bbz4l wrote
Reply to comment by Bomboclaat_Babylon in ELI5: Why can’t we have a universal currency? by Walmartpancake
US corporations keep taking gigantic bailouts, but it's not a problem for the overall US economy because the US can just print more money to cover the bailout.
If US corporate bailouts had to be paid in rubles (for some reason), that would give Russia a tremendous amount of leverage over the US economy, even though they have nothing to do with the US. And there would be nothing the US corporations could do about it.
That's basically what happened to Greece, and will happen to any nation whose currency is the euro.
mnbvcxz123 t1_j1yt0fo wrote
Individual countries having their own currency provides powerful advantages, since the country can float its own currency against other currencies and thus provide a buffer during times of economic turmoil. Also, countries that issue their own currency can not go bankrupt, since they are in control of the amount of currency in circulation and can originate more if needed.
The Euro is a good counter-example for why international currencies are dangerous. Countries that have adopted the euro have seen tremendous economic and political power move outside their own country as a result.
Greece, famously, was brought to its knees economically by German bankers who were determined to throw the existing Greek government out of office and force the country to borrow money to meet targets imposed from outside, impoverishing the local population and forcing a mass exodus of working age people.
mnbvcxz123 t1_ixu0zwk wrote
Reply to Help getting adhesive hooks to stick? by ballroombadass0
Use a nail.
mnbvcxz123 t1_ixu0wdp wrote
Yep, that's how nails regrow.
mnbvcxz123 t1_ixn56rw wrote
Reply to comment by LauraSolo23 in LPT : If your dad comes into your room while you’re busy for a chat, don’t get annoyed, enjoy the chats while you can or you’ll regret it by [deleted]
Message received! Thanks.
With my own son, I find I am feeling awkward at times because I don't want to be one of those annoying dads who imposes himself on his kid. So I hold back. But maybe that's the wrong thing.
mnbvcxz123 t1_ixluwsn wrote
Reply to LPT : If your dad comes into your room while you’re busy for a chat, don’t get annoyed, enjoy the chats while you can or you’ll regret it by [deleted]
As a dad, I approve of this message.
mnbvcxz123 t1_iu1pi64 wrote
Reply to Engineer Karen Leadlay working on the analog computers in the space division of General Dynamics, 1964. by brolbo
I think there's a bug in the blue wire connection.
mnbvcxz123 t1_isls8jt wrote
The old school coolest.
mnbvcxz123 t1_ish3bd8 wrote
Reply to Dad in the 50s, colorized by my brother by moonchylde
Do you look fantastically handsome, too?
mnbvcxz123 t1_j3ylfa8 wrote
Reply to Jeff Beck working up a sweat in 1971. RIP dude. by foofoofum
Died yesterday.
Shit.