Mises Daily
Author:
Jeffrey M. Herbener
Online Publish Date:
Submitted to the Wall Street Journal October 14, 1998 To the Editor: What is missing in the debate between proponents of a fixed-exchange-rate regime, such as the editors of the Wall Street Journal (”Reforming the World,” 7 October), and proponents of a floating-exchange-rate system, like Milton Friedman (”Markets to the Rescue,” 13 October), is