Thursday 27 August 2015

Traveling in Europe’s River of Migrants


When China’s central bank devalued its currency last week, it effectively flooded international markets with artificial price signals that are based on manipulation rather than on production efficiency or quality. This type of arbitrary government discretion over the value of money is symptomatic of a larger flaw in worldwide monetary trade, argues Judy Shelton, co-director of Atlas Network’s Sound Money Project, in a new analysis for The Hill

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