Rediff.com |  Feedback  
You are here: » Rediff Home » Discussion Boards » Permalink
  
View : Single Message | Complete Thread | Read complete Discussion
RE:RE:Indian's purchasing power is increasing
by Natarajan Vijay on Jul 26, 2007 03:56 AM

Munish, Economists do not recommend that you debase your currency. In fact, the great economist Milton Friedman, who won the nobel prize in 1976, argued against the Gold standard system of his day and in favor of a free floating exchange rate. This is what we have for the most part now.

    Forward  |  Report abuse
The above message is part of the Discussion Board:
Rupee rise: How you are affected