Can any hardcore arm chair economists tell what happens if a nation simultaneously:
1. Lacks an independent monetary policy
2. Lacks stable exchange rates
3. Lacks any international capital controls
>>2820922
bump for answers
>>2820922
jews.
>>2821032
gee thanks /pol/
also /biz/ might as change its name to /bitcoin/
what a fucking waste of time asking an econ question here
>>2820922
You would just no control whatsoever over your economy, it would work fine but if something went wrong you would have no method to fix things like a recession and you would be very prone to external economic shocks.
>>2821114
thank you very much.
so essentially a free market
>>2821152
You can have a free market with both fixed exchange rate and independent monetary policy, in fact Hong Kong which has been touted as the most free market in the modern era has both of these and operated a currency board.