The Balance of Payments: Free Versus Fixed Exchange Rates

The Balance of Payments: Free Versus Fixed Exchange Rates

The Balance of Payments: Free Versus Fixed Exchange Rates

The Balance of Payments: Free Versus Fixed Exchange Rates

Excerpt

Dr. Roosa and Professor Friedman have given us, in this fourth of the Rational Debate Series, an unusual opportunity to compare two well-reasoned, brilliantly argued views of the United States' balance-of-payments problems. In their frank exchanges there is less of the gloss and more of the fundamentals than one finds in most lengthier discourses on this difficult subject.

The Friedman-Roosa debate's three sessions, spanning two weeks last May, were attended by a small, select group of government officials, academicians, and newsmen. Now the public at large can study the speakers' lectures and rebuttals, as well as their responses to questions from the other participants.

This event brought to a close the first academic season of Rational Debates sponsored by the American Enterprise Institute, whose diligence in informing public opinion on the pros and cons of major policy issues has helped to reinvigorate the nation's intellect in a time of expanding need.

July 9, 1967 G. Warren Nutter
Coordinator
Rational Debate Series
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