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The very politicians and economists who repudiate
Keynesian policy at home become fervent Keynesians
when they contemplate the horrors of British membership
of the single currency.
—Robert Skidels...
MONETARY SOVEREIGNTY AS GLOBALIZATION’S ACHILLES’HEEL
MONETARY SOVEREIGNTY GLOBALIZATION floating exchange rates
2008/11/4
It is remarkable how the world’s short recent history of floating
exchange rates among fiat currencies has affected popular thinking
about what is eternally normal and proper in the economic system....