• Economics
  • Published 2008

Friedman: Float or Fix?

@inproceedings{Hanke2008FriedmanFO,
  title={Friedman: Float or Fix?},
  author={Steve H. Hanke},
  year={2008}
}
With the passing of Milton Friedman on November 16, 2006, we lost one of the great champions of free markets. Friedman's obituaries and commentaries on his life's work and enormous influence have invariably mentioned his advocacy of floating exchange rates, leaving the impression that he always flavored floating rates. This was not the case. Types of Exchange Rate Regimes For Friedman, there were three distinct types of exchange rate regimes: floating, fixed, and pegged--each with different… CONTINUE READING

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