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Thread: How far will RMB go?
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[quote=MARRIE,268690]Jimmy, if 3 persons( salary 1000/per person) do one person-loaded job (product/service), the mkt price of this product/service is much higher than if 1.5 persons do one person-loaded job coz the first scenario results $1500 more paper money in circulation than the second scenario. However the real wealth still remains the worth of one job. That’s why we call it inflation in macro way. From corp run perspective, business is losing money (less productivity) and needs to lay off labor. Optimal inflation is 2-3 % that could keeps labors from being too exhausted. Speaking of Forex, PRChina, I think, should still need gov involvement in playing global Forex game to keep ex rate in reasonable level that protects china’s export. U$1: RMB 3.5 is a disaster. China is able to make its currency strong as long as it is willing to use modern infrastructure at the expense of millions of millions of labors losing jobs – social chaos and turmoil. [/quote]
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