retired aviator

The Fallacy of Floating Exchange Rates

I think that many years from now world leaders may wake up and realize that having to have currency exchange between nations at all is like a ball and chain, and the numbers of different currencies will diminish as nations merge currencies, as in the euro. Ultimately, it would be best to just have as single world currency, in my opinion! Currency exchange is beset with all kinds of economic and political problems, and is essentially an unproductive waste without any benefit to the whole.