Reader comment on: Steve Forbes on Time and Money
Submitted by Emerich (Hong Kong), Feb 4, 2016 19:30
There's a lot to admire about Steve Forbes, but by obsessing on fixed exchange rates he marginalizes himself. How would Forbes reply to the rejoinder that "yes, he's right; the same argument applies to all assets and we should fix prices for everything"? Obviously, that would be anathema to him, but he's being philosophically inconsistent by arguing for an arbitrarily fixed currency price.
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