The whole idea of having a free trade area when you have gyrating exchange rates doesn't make sense at all. It just spoils the effect of any kind of free trade agreement. (Robert Mundell)

The whole idea of having a free trade area when you have gyrating exchange rates doesn't make sense at all. It just spoils the effect of any kind of free trade agreement.

Robert Mundell

Related topics

agreement free having idea kind sense trade spoils

Related quotes

I did not consider him to be any kind of a genius. I considered him deeply lacking in the area that mattered most in life. Star quality. View quote
Augusten Burroughs
In effect, to follow, not to force the public inclination; to give a direction, a form, a technical dress, and a specific sanction, to the general sense of the community, is the true end of legislature. View quote
Edmund Burke
The will is not free - it is a phenomenon bound by cause and effect - but there is something behind the will which is free. View quote
Swami Vivekananda
Might the simple maxim, that honesty is the best policy be laid to heart! Might a sense of the true aims of life elevate the tone of politics and trade, till public and private honor become identical! View quote
Margaret Fuller
What was critical for the maintenance of pegged exchange rates, I argue in this book, was protection for governments from pressure to trade exchange rate stability for other goals. View quote
Barry Eichengreen