Author: Drew Economic
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https://en.wikipedia.org/wiki/Beggar_thy_neighbour http://www.zerohedge.com/news/2015-09-02/presenting-never-ending-qe-one-easy-flowchart http://www.zerohedge.com/news/2013-11-11/beggar-thy-neighbor-back-goldmans-five-things-watch-currency-wars-return "Beggar Thy Neighbor" is an economic term used to describe when countries print money in an attempt to make their exports cheaper. The goal is to export more to foreign countries to lift your own economy out of the duldrums, usually during an economic depression or recession. It was big in the 1930s - where countries would engage in trade wars or currency wars. Each country would print money "and ease its currency" -- meaning they'd print money and make money loose because when you print money it makes your exports cheaper. The problem is that this is usually though not always a zero sum game. Where nobody wins and everybody loses. But @ this point I"m not really sure that there's an alternative.... China, Japan, the UK, Russia, Mexico, Brazil and most of the developing world are all using monetary policy to make their exports more cheaper -- hoping to be able to export their recession to other countries. The last time we had a beggar thy neighbor event was in the 1930s -- and it led to World War 2. Let's hope this current trade/currency war doesn't lead to World War 3!