In last week’s briefing, The Economist magazine worries that current spending on consumption and investment will fall if individuals believe money will be more valuable in the future.
It drives me nuts when people say the Federal Reserve sets the interest rate. Ditto for claims that the Fed raises or lowers the rate. Basically, any mention of rate […]
Britain’s distaste for a bilateral currency union agreement is not a concern. Indeed, Scots should rejoice!
Although it might be sensible to prefer competition in currency, there are reasons to believe Hayek’s particular proposal would fail to function as intended.