55. Is easy money good for exports?

In today’s seminar Saifedean talks to regular attendees about whether increasing a nation’s exports should be seen as a desirable policy goal, and why countries that devalue their currencies don’t necessarily export more.

The discussion focusses on the post-war experience of Germany and Switzerland and how these countries grew prosperous through maintenance of a strong currency.

Books referenced during the discussion include:

Gold Wars: The Battle Against Sound Money as Seen From a Swiss Perspective by Ferdinand Lips: https://amzn.to/33Akfve

For a discussion of Ludwig Erhard’s market reforms see: The Commanding Heights: The Battle for the World Economy by Daniel Yergin and Joseph Stanislaw: https://amzn.to/3f7Rlbl

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