Hume on hold?

Michael Burda, 17 May 2012

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The great Scottish philosopher and economist David Hume understood all too well how national boundaries and balance-of-payment statistics affect and even determine flows of international trade. Where national boundaries exist, customs offices and government bureaucracies assiduously monitor the flow of goods and assets between countries.

Topics: EU institutions, International finance
Tags: balance of payments, Central Banks, David Hume

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