Governments Can Fix Money Fast. Here Is Why They Will Not Do It… Authored by Daniel Lacalle, The markets have been rocked by news of a possible intervention to control the Japanese yen slump, after it reached a forty-year low relative to the US dollar. Fixing the yen and any other fiat currency is simple: Implement an Austrian approach; eliminate constant deficit spending and monetization of government outlays; and implement clear, sound money policies that support the purchasing power of the currency. Letting rates float and having zero deficit would help. However, no government seems to want to control spending and eliminate… — Continue at ZeroHedge News : Read More
