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Steve Hanke: Floating Exchange Rates Add to Economic Uncertainty

Instability brings problems for the U.S. and Europe—and serious crises to the developing nations. Nobel economics laureate Robert Mundell wrote in 1998 that the dollar-euro exchange rate would go on to become “the most important price in the world.” Mundell, who was known as the father of the euro, was exactly right. Since the euro was

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Posted: August 8, 2022 Monday 05:59 PM