Translate

martes, 16 de octubre de 2012

Currency devaluation is merely a transfer of wealth from all of a nation's citizens to politically favored industries, usually export industries


Bad Advice for the Greeks

 

This summer Roger Bootle won Lord Wolfson's £250,000 prize for the best advice for a country leaving the European Monetary Union (one may assume that this advice is aimed at Greece). A more statist, anti-liberal policy than his could hardly be envisioned, which is a sad commentary on the mindset of the judges chosen by Lord Wolfson. His advice contrasted sharply with that of Dr. Philipp Bagus, whose liberal, transparent, and free-market-oriented policy advice was rejected in favor of Mr. Bootle's call for state secrecy and coercion.
.................



Read more: mises.org/

No hay comentarios:

Publicar un comentario