Quarterly Journal of Austrian Economics
Author:
Hossein Askari
Noureddine Krichene
Online Publish Date:
where business venture becomes largely a speculation on the future of monetary policy. (p. 55) If we examine the balance sheet of the US Federal Reserve (Fed), we convertibility, countries had to regain control of both money and fiscal policies and achieve macroeconomic stability. As long as the fiscal deficit was out a true improvement in competitiveness, which emanates from productivity gains and innovation. There is plenty of evidence that the gold standard improved