Americans First! Not the American government! There is no Capitalism without Free trade! Marxists & Collectivists must be defeated! The American people making decisions not bureaucrats! Neocons must be educated! Try to understand floating exchange rates before you destroy all our lives...

 

Friedman was a strong advocate for floating exchange rates throughout the entire Bretton-Woods period. He argued that a flexible exchange rate would make external adjustment possible and allow countries to avoid balance of payments crises. He saw fixed exchange rates as an undesirable form of government intervention. The case was articulated in an influential 1953 paper, "The Case for Flexible Exchange Rates", at a time when most commentators regarded the possibility of floating exchange rates as a fantasy.

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