Milton Friedman's Fatal Error
In 1971, Milton Friedman believed that floating and flexible exchange rates were the optimum or the best arrangement between trading nations and the currencies with which they operated. But, as Lewis Lehrman points out in today’s video, by blowing up the Bretton Woods system, the Nobel Prize Winner inadvertently had a hand in causing the currency wars of today…
[Ed. Note: You can purchase a copy of Mr. Lehrman’s latest book Gold, Money, and History through our Laissez Faire Bookstore.
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