[Marxism] NZ dollar reaching parity with Australian dollar

Philip Ferguson philipferguson8 at gmail.com
Tue Apr 7 03:02:23 MDT 2015


Once upon a time a NZ dollar was only worth about 80c Australian.  Today.
however, it's worth almost 98c Australian.  I happen to think this is
rather artificial, as although it is currently experiencing economic woes I
think the Australian economy is way more powerful and steady than the NZ
economy.

But it's funny how the all-knowing, all-seeing, all-wise market creates
exchange rates that are "too high" or "too low" and both are a problem.

The piece below is a bit dated, but still useful; it's on capitalism's
currency craziness: https://rdln.wordpress.com/2011/08/03/420/



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