Currency War Means Currency Suicide
What the media calls a “currency war,” whereby nations engage in competitive currency devaluations in order to increase exports, is really “currency suicide.”
What the media calls a “currency war,” whereby nations engage in competitive currency devaluations in order to increase exports, is really “currency suicide.”
European politicians and central bank policy-makers seek to maintain a monopoly over the power to create money.
What is needed is fiscal reform. Only drastically cutting government spending will bring back prosperity.
Painful lessons are avoidable when business plans and policies do not violate economic laws and when governments do not interfere.
Not surprisingly, the work of this week’s new Nobel prize winners have been the subject of several critiques here at the Mises Institute:
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The goal: private property; property protection; self-defense; and freedom of contract.