Although floating and fixed rates appear dissimilar, they are members of the same freemarket family. Both operate without exchange controls and are free-market mechanisms for balance-of-payment adjustments.

Steve Hanke

Adjustment Although Appear Both Controls Exchange Family Fixed Floating Free-Market Mechanisms Members Operate Rates Same Without

Related Quotes

Most economists use 'fixed' and 'pegged' as interchangeable or nearly interchangeable terms for exchange rates.

— Steve Hanke

EconomistsExchangeFixed

A regime of fixed foreign-exchange rates and obligations to intervene would encroach upon the statute of the ECB and the priority of price stability,

— Otmar Issing

EncroachExchangeFixed

A regime of fixed foreign-exchange rates and obligations to intervene would encroach upon the statute of the ECB and the priority of price stability.

— Otmar Issing

EncroachExchangeFixed

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

— Milton Friedman

AboutBenefitBoth

The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.

— Milton Friedman

AroundBlackControls