What do you think about a global currency, such as what China proposed this week?
Matthew Reisen
Junior
Economics
"You wouldn't have the exchange rates, but at the same time, people would have a problem with their nation not having their own currency.. I think it has to do with culture, you know, as well as the economy."
Caitlen Hudak
Junior
History
"I think for the countries that don't have quite as strong a currency, it's probably good news, but for anyone with a mildly strong currency, it will completely re-shuffle everything, and it takes a while to bounce back from things like that."
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Anne Marie Filiatreault
Junior
Anthropology
"It lowers the denominational value of currency throughout the world, and frankly it destroys trade networks and alliances. If we all rely on one aspect of currency and it falls, then everything falls. Then we have to go back to the basic bartering value and trade system, which no one really knows how to do or really wants to do. That is the reason why we should not have a global currency system."
Carrie Wright
Senior
Biology and chemistry
"It would definitely increase globalization, which is good in some ways but bad in others, so I'm not quite sure about it. I just don't know if it is something that is likely to work out very well."
