“The serious lesson of the antics in Argentina, then, is that the big issues of monetary economics--fixed vs. flexible exchange rates, whether countries should have independent currencies at all--are still wide open. It's an eternal controversy, and not even the pope can resolve it.”

—  Paul Krugman

"Don't Laugh at Me, Argentina", Slate (July 20, 1999)

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The serious lesson of the antics in Argentina, then, is that the big issues of monetary economics--fixed vs. flexible e…" by Paul Krugman?
Paul Krugman photo
Paul Krugman 106
American economist 1953

Related quotes

Edward Heath photo
Nigel Lawson photo
Barry Eichengreen photo
Guido Mantega photo

“Today we are practically living a trade war, a currency war because the exchange rate today is one of the important factors to determine the competitiveness or not of products. Generalized currency depreciation in my view is an explicit strategy used by countries and that threatens us.”

Guido Mantega (1949) Brazilian economist

Speech at the seminar " The Role of Industry in the Growth of Brazil https://www.fazenda.gov.br/divulgacao/noticias/2010/setembro/governo-nao-pretende-taxar-investimentos-estrangeiros-diz-mantega" organized by the Getulio Vargas Foundation, September 27, 2010

Jean-Claude Juncker photo

“Monetary policy is a serious issue. We should discuss this in secret, in the Eurogroup […] I'm ready to be insulted as being insufficiently democratic, but I want to be serious […] I am for secret, dark debates.”

Jean-Claude Juncker (1954) Luxembourgian politician

Jean-Claude Juncker, 20 April 2011, quoted in " Eurogroup chief: 'I'm for secret, dark debates' http://euobserver.com/9/32222", EUobserver, 21 April 2011. Retrieved 19 May 2011.
2011

Hassan Rouhani photo

“You should know the nuclear issue and the sanctions will also be resolved, and economic prosperity will also be created.”

Hassan Rouhani (1948) 7th President of Islamic Republic of Iran

Presidential campaign, 2013

Friedrich Hayek photo
Will Durant photo
James Tobin photo

“There is no reason to think that the impact [of monetary policy] will be captured in any single [variable]…, whether it is a monetary stock or a market interest rate.”

James Tobin (1918–2002) American economist

Source: "A general equilibrium approach to monetary theory" (1969), p. 29 as cited in: Andrés, Javier, J. David López-Salido, and Edward Nelson. " Tobin's imperfect asset substitution in optimizing general equilibrium http://research.stlouisfed.org/wp/2004/2004-003.pdf." Journal of Money, Credit and Banking (2004): 665-690.

R. A. Lafferty photo

“In its flexibility and in its wide-open opportunities, this is the total Utopia.”

R. A. Lafferty (1914–2002) American writer

The Day After the World Ended, notes for a speech at DeepSouthCon'79, New Orleans (21 July 1979), later published in It's Down the Slippery Cellar Stairs (1995)
Context: In its flexibility and in its wide-open opportunities, this is the total Utopia. Anything that you can conceive of, you can do in this non-world. Nothing can stop you except a total bankruptcy of creativity. The seedbed is waiting. All the circumstances stand ready. The fructifying minerals are literally jumping out of the ground. And nothing grows. And nothing grows. And nothing grows. Well, why doesn't it?

Related topics