Background Image
If a country is an attractive place for foreigners to invest their funds, then that country will have a relatively high exchange rate. if it's an unattractive place, it will have a relatively low exchange rate. those are the fundamentals that determine the exchange rate in a floating exchange rate system.
-Milton Friedman
Please Wait....
Translating....

If A Country Is An Attractive Place

Milton Friedman
If a country is an attractive place for foreigners to invest their funds, then that country will have a relatively high exchange rate. if it's an unattractive place, it will have a relatively low exchange rate. those are the fundamentals that determine the exchange rate in a floating exchange rate system.
Views: 4
Cite this Page
Prevent plagiarism by providing proper attribution.
APA FORMAT
Embed this Quote
Copy this HTML code to embed the quote on your website or blog.
HTML CODE
Topic
Country Floating Fundamentals

More From Milton Friedman

The lesson for asia is; if you have a central bank, have a floating exchange rate; if you want to have a fixed exchange rate, abolish your central bank and adopt a currency board instead. either extreme; a fixed exchange rate through a currency board, but no central bank, or a central bank plus truly floating exchange rates; either of those is a tenable arrangement. but a pegged exchange rate with a central bank is a recipe for trouble.
Recipes Want Asia
Our whole culture is based on the appetite for buying, on the idea of a mutually favorable exchange. .... for the man an attractive girl - and for the woman an attractive man - are the prizes they are after. 'attractive' usually means a nice package of qualities which are popular and sought after on the personality market. what specifically makes a person attractive depends on the fashion of the time, physically as well as mentally. ... two persons thus fall in love when they feel they have found the best object available on the market, considering the limitations of their own exchange values.
Love Girl Fashion
Move your personal investments and retirement funds to socially responsible investment (sri) funds that support only those corporations that uphold higher standards of behavior. returns on sri funds are usually equal to, if not better than, many of the well-known traditional mutual funds.
Retirement Moving Support
Even fans of actively managed funds often concede that most other investors would be better off in index funds. but buoyed by abundant self-confidence, these folks aren't about to give up on actively managed funds themselves. a tad delusional? i think so. picking the best-performing funds is 'like trying to predict the dice before you roll them down the craps table,' says an investment adviser in boca raton, fl. 'i can't do it. the public can't do it.'
Giving Up Self Confidence Thinking
The americans are poor haters in international affairs because of their innate feeling of superiority over all foreigners. an american's hatred for a fellow american is far more virulent than any antipathy he can work up against foreigners. should americans begin to hate foreigners wholeheartedly, it will be an indication that they have lost confidence in their own way of life.
Hate Hatred Feelings
In our hearts... there must abide some pity for those people who have always felt themselves to be separate from even their most familiar surroundings, those people who either are foreigners or who suffer a singular point of view that makes them feel as if they’re foreigners - even in their native lands. in our hearts... there also abides a certain suspicion that such people need to feel set apart from their society. but people who initiate loneliness are no less lonely than those who are suddenly surprised by loneliness, nor are they undeserving of our pity.
Lonely Loneliness Heart
Similar Quotes
The strong must learn to be lonely.
Lonely Strong
You know what i noticed when i was with jacob? in your world, people can reach each other in an instant. there's the telephone, and the fax - and on the computer you can talk to someone all the way around the world. you've got people telling their secrets on tv talk shows, and magazines that publish pictures of movie stars trying to hide their homes. all those connections, but everyone there seems so lonely.
Lonely Stars Home
Our lack of community is intensely painful. a tv talk show is not community. a couple of hours in a church pew each sabbath is not community. a multinational corporation is neither a human nor a community, and in the sweatshops, defiled agribusiness fields, genetic mutation labs, ecological dead zones, the inhumanity is showing. without genuine spiritual community, life becomes a struggle so lonely and grim that even hillary clinton has admitted "it takes a village".
Spiritual Lonely Couple
People are always blaming their circumstances for what they are. i don't believe in circumstances.
Stay Strong Perseverance Lonely

Trending Author

Stone Gossard
Stone Gossard
George Brett
George Brett
Charles Bradlaugh
Charles Bradlaugh
Harry Browne
Harry Browne
Corrine Brown
Corrine Brown
W. E. B. Du Bois
W. E. B. Du Bois
Category
Information
Inspirational
Philosophy
Personal Growth
Happiness & Joy
Life Lessons
Success & Business
Motivation