Which is Worse — A Trade Surplus or a Trade Deficit?
Unlike commodity money, fiat currencies allow persistent trade imbalances which cause grave discrepancies in income, consumption, and investment.
Unlike commodity money, fiat currencies allow persistent trade imbalances which cause grave discrepancies in income, consumption, and investment.
Money-supply growth hit a 46-year high in October, but had moderated significantly by December, according to the most recent money-supply data.