You mean, governments shouldnt manipulate their currencies? Awwwwww....
Money supply should be driven by the market. The best way to do that is to aim for a low inflation target, neither constricting credit nor pumping unnecessary liquidity into the system to create bubbles.
In other news: Germany doubles 2010 growth forecast
posted on 10/23/2010 3:06:32 PM PDT
(Inflation is a form of taxation, too. Cranky Libertarian - equal opportunity offender.)
posted on 10/23/2010 3:09:30 PM PDT
( They cry "Piece, piece." And there is no peace.)
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