Radiohead tried this a few years ago, except they did this at the time when the album came out and not a year after release. The wiki page goes back and forth between album sales being very successful and mediocre...so I am not really sure how that one turned out.
I would say that I do not know. On one hand we would rid ourselves of currency trading and thus the sometimes volatile fluctuations in currency markets. This could also lead to more stability in worldwide commodity prices. On the other hand it could unexpectedly lead to more instability in commodity prices. I say this because every country’s poverty line, median income lines, etc. is different with respect to other countries (third world vs. first world); part of this difference takes into account the differences of valuation of each country’s currency. Although not necessarily capable of redrawing these lines, creating a single global currency could have the effect of lowering a country’s purchasing power (maybe a wealthier nation) and raising another (maybe a poorer nation). This could add a different form of strain, a strain of the redistribution of, to commodities on top of the traditional strain of supply and demand. This could, as I said before, create more instability for a period of time until the time in which the worldwide chaos settles.
It's that time of year again for green carbon offsetting staycations; not so much for Maverick monkey, winner of five nominations for his desperate search for a game-changing bailout from Wall Street to Main Street. <3 First Dude
Here in Marieta, GA, we used to have a sign on a railway bridge that read "Dick Hunter Memorial Bridge." The sign would only be up for a day or two before it was again stolen. They finally (6 or 7 years ago) changed the name to "Richard H. Hunter Memorial Bridge" and has not been stolen since. I wish I had a picture.
<3 First Dude