Libertarians are a diverse and varied group, and their views on fixed currency exchange rates are no exception. Some Libertarians believe in the idea of a fixed exchange rate, where a currency is tied to a specific value, usually the value of gold. They believe this creates stability in the economy and prevents inflation. However, many other Libertarians believe that a fixed exchange rate is an artificial restriction on a free market, and that the value of a currency should be determined by supply and demand. They argue that a free market will naturally find its own equilibrium, and that government intervention in the form of fixed exchange rates only distorts the market and creates more problems than it solves. Ultimately, the views of Libertarians on fixed currency exchange rates differ depending on their individual beliefs about the role of government in the economy and the nature of a free market.

My comment: The currency exchange rates are agreements between nations... via the Bank of International Settlements and updated every 5 years or so. Without them, illegal bank speculators can destroy a currency. Libertarians are thus colluding with currency speculators and should be held in check obviously. See "The Economic Hitman".


What is The Economic Hitman about?

The Economic Hitman, written by John Perkins, is a fascinating book that provides an insight into the world of international finance, politics, and corporate greed. The book tells the story of the author himself, who, as a young man, worked for a multinational corporation in various countries, including Indonesia, Panama, Saudi Arabia, and Ecuador. Perkins' job was to convince the leaders of these countries to accept large loans that they could not afford to repay. These loans were used to finance large-scale infrastructure projects, such as dams, highways, and airports, that were aimed at boosting economic growth and development in these countries. However, the real aim of these loans was to enrich the multinational corporations that provided them, as they would be hired to build these projects at inflated prices. The result was that many of these countries were left with crippling debt burdens, and their natural resources were exploited by foreign companies, often at the expense of the local people. The Economic Hitman is a thought-provoking and eye-opening book that sheds light on the dark side of international finance and the role of multinational corporations in shaping the world we live in today.