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Counting Stars
Patrick Boyle
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Comments by "Counting Stars" (@CountingStars333) on "Brazil and Argentina - A Common Currency?" video.
@plopplop. lending creates money but also removes it from circulation after a profit or loss is made, learn how banks work first. Money creation is necessary in a growing economy or no one will use the money. They'll just treat it as an investment like "crypto" And we see how that goes.
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Ok, so where are you from? The Euro seems highly successful and great for europe to me. Some countries suffering because of their own ineptitude, but still getting bailouts from the Union.
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@SpoonfedPig exactly
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Shared currency helps govt have fiscal responsibility because you can't just print more money brrrr like USA which thinks it can take infinite debt because reserve world currency. Plus less likely to war.
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Says the merican who obviously doesn't have any vested interests in sabotaging latin America.
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