devaluation

Currency devaluation is usually preferred to inflation - that's why exiting the Euro is under consideration, so that there is a local currency to devalue.

Gold, Bitcoin and paper cash are also subject to confiscation, tax or other legal controls, speculation and devaluation.

BSD was not meant to shape a future, it was created to maximize the reach of its software through devaluation.

I agree that a massive devaluation followed by a stable-ish currency is preferable to the current circus.

The idea that because the marginal cost is zero that the cost should be zero is a horribly greedy devaluation of creative labor.

This situation where Greece is dramatically less productive than the rest of Europe is a textbook example of when currency devaluation is appropriate...

This is why currency loans are the real trap when devaluation hits.

Then the factories start exporting them because it's cheaper for foreigners to buy the Greek kitchens then their own country's, because of the devaluation.

The argument for, is that the stabilisation following a massive devaluation, will happen sooner than whatever the endgame to the current circus is, will.

That will lead to further devaluation of the dollar, which will further wreck the middle class as it did last decade with the weakened dollar.

This generally means a one-off devaluation, because the country moving off it will be weaker, and in their act of moving off the EUR will get stronger, and their new currency will have less purchasing power.

I thought there was only one debt devaluation (50-odd percent in 2010), but it was combined with austerity measures that destroyed any potential of growth.

Yet the "answers" from Krugman and his acolytes such as the author is to spend future influence (what does the author think devaluation is?) to make things look better in the shower, and poohpoohing those who recognize that devaluation is short term theater.

In Japan, it is both systematic currency devaluation and the keiretsu system (which I think is what drives the continuation of "Japanese corporate culture" rather than the other way round).

Goverment kind of "forced" (and not really directly) many companies to leave the price of some products fixed amidst inflation and devaluation, so Big Mc were pretty cheap for a while (that's been over since like 1.5 years).

In the absence of such support, Grexit would be the equivalent of announcing a large devaluation more than 18 months in advance: a recipe for liquidating all Greek capital stock and transferring it abroad by any means available." You think France could go back to the Franc without outside help?

Devaluation actual has real, not psychological impacts in debt repayment and import/export.