If a country is an attractive place for foreigners to invest their funds, then that country will have a relatively high exchange rate. If it's an unattractive place, it will have a relatively low exchange rate. Those are the fundamentals that determine the exchange rate in a floating exchange rate system.

There's no such thing as a free lunch.

When you argue for free markets, you are arguing against the trend.

You never have real changes unless you have a time of crisis.

The history of mankind is the history of money losing value.

The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another.

I think almost every economist would agree that government gets itself in trouble when it tries to interfere with voluntary behavior.