Robert Mundell
Robert Mundell
Robert Alexander Mundell, CCis a Nobel Prize-winning Canadian economist. Currently, he is a professor of economics at Columbia University and the Chinese University of Hong Kong...
NationalityCanadian
ProfessionEconomist
Date of Birth24 October 1932
CountryCanada
associated fixed gone korean level nearly ounce price secular three time vietnam war
The price of gold was fixed at $35 an ounce in 1934, but by the time the U.S. got through the Korean War, the Vietnam war, with all the associated secular inflation, the price level had gone up nearly three times.
suddenly
It's a lethal thing to suddenly raise taxes.
forces
Monetary discipline forces fiscal discipline on the politicians as well.