Mises Daily
Author:
Christopher Mayer
Online Publish Date:
Nixon’s closing of the gold window. This article originally appeared in The Free Market in January 2004 .] “The world is in permanent monetary crisis,” Murray N. was fixed exchange rates based on fiat money and international coordination. Markets are fluid and changing. The government fixed exchange rate is bound to be some fixed exchange rates by international agreement has a long, rich history of failure, once again illustrating that government power is no match for the relentless