A recent Treasury research paper admitted that there was no fail-safe method to estimate the correct value of a currency.
最近财政部的一份研究论文承认,在评估一种货币的正确价值时,并没有一种万无一失的方法。
2
Of course, to guard against inflation it would be far better to anchor a currency to a tradable index of real things than to paper currencies.
当然,要防止通胀,以一个可以成交的实物价格的指数为锚,远胜一篮子用纸造的货币。
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Crudely put, the US possesses around one-fifth of the world's GDP, but its own paper provides around 75 per cent of the world's exchangeable currency reserves.