Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others.

Does the Balance of Payments Determine Exchange Rates?

This is Murray Rothbard's libertarian manifesto, view of society without the nation-state. This audio book edition is narrated by Jeff Riggenbach, includes a new introduction, written and read by Llewellyn H. Rockwell, Jr.

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Does the Balance of Payments Determine Exchange Rates?

Does the Balance of Payments Determine Exchange Rates?