This came up in conversation between my mom and I talking about Euros and how cool that is to me (Canadian). I then wondered why we can’t just have that everywhere and all she could say was “it wouldn’t work, what about less profitable countries” and I said “they’d just make/have less?” She did not like that answer and I really wanna know the real reason on why that wouldn’t work bc in my mind since we made up money why can’t we just make up how new money works???
Please explain like a teacher explaining why a kid can’t share 3 m&ms with 28 people
In: Economics
They can, there are just downsides to it and it would require some geopolitical maneuvering to secure in votes in the United Nations.
Realistically though the world pretty much already operates on US dollars or a US dollar equivalency it is easy to figure out for pretty much any currency or goods, which means that there’s really not any good reason to even think about a United Nations unified currency because it wouldn’t drastically change the status quo for the vast majority of countries and would just introduce new difficult to solve problems for the remaining few
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