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Wednesday, September 7, 2011
Good Examples of Monetary Policy
Switzerland, Sweden, Austrialia, & Israel. These countries also have the advantage of being small and having independent currencies that can fall in value, thus boosting exports. Australia (like Norway and Canada) also has the advantage of being a natural resource exporter at a time when developing nations like China are buying unprecedented quantities. The developing world is not in a recession which shows that it is not really global nor inevitable. If poor countries like China can achieve modestly raised inflation, cheap currency, and full employment, why not the US?
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