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Joined: 28 Dec 2005 Posts: 12612
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Posted: Wed Mar 26, 2025 1:49 pm Post subject: Milton Friedman |
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Milton Friedman:
“The “worst case scenario” of the currency never returning to the country of origin was actually the best possible outcome: the country actually purchased its goods by exchanging them for pieces of cheaply-made paper. As Friedman put it, this would be the same result as if the exporting country burned the dollars it earned, never returning it to market circulation.” |
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