Friedman v. Mundell on exchange rates

Canada's Financial Post asked the two Nobel laureates Milton Friedman and Robert Mundell to participate in an exclusive e-mail debate about each other's views on modern day economics. Below we reprint the debate which was publish in the Financial Post on Monday.


Friedrich Hayek, who won his Nobel prize in 1974, once said: "I strongly feel that the chief task of the economic theorist or political philosopher should be to operate on public

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