Hanke on Exchange Controls

by Don Boudreaux on March 15, 2009

in Regulation

A friend recently asked me about exchange controls.  While answering him, I recalled this excellent essay penned several years ago by Johns Hopkins University economist Steve Hanke.  Steve's essay is well worth reading.

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vidyohs March 15, 2009 at 6:51 pm

Just a thought, a long range thought, but if indeed we are being shoved to a one world government, then currency exchanges will cease to exist or be meaningless.

In such a case, using the argument of Steve Hanke, the world will be inevitably more poor.

You might say that our salvation, our wealth, our pursuit of happiness lies in remaining splintered into our nationalistic territories and beliefs?

Makes sense to me.

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