There are 32 national currencies in these playoffs, from the 32 largest economies in the world. The winner of each currency-to-currency matchup depends on their exchange rates from January 1 to December 20, 2016.
Indian Prime Minister Narendra Modi stunned his country earlier this month when, out of the blue, he declared 85 percent of the nation’s currency notes null and void.
As the Mercatus Center’s Scott Sumner often says, one ought never to reason from a price change. Interest rates, like other prices, can change for all sorts of reasons; the implications of the change generally depend on the particular reason for such a change.
Here are some thoughts on the implications of Donald Trump assuming the presidency with respect to monetary policy.
Are interest rates not prices? And if so, should they not be discovered instead of imposed?
We’ve taken the liberty of compiling some of the highlights for your viewing pleasure.