So you would be happy if Iraq values their currency so that they have a M0 of $15 Trillion and a M1 of $24 Trillion, while the rest of the world combined has a M0 of $5 Trillion and M1 of $20 Trillion? So Iraq would have a M0 3 times larger than the rest of the world combined? Yes… I can see where you would be happy… but the rest of the world might have a bit of a problem with it.
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