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I know that most of my readers must be sick and tired of reading about my view on 'currency war'. Unfortunately I have more for you. My colleague Jens Pedersen and I have written an article for the Danish business daily Børsen. The piece was published in today's edition of Børsen. It is in Danish, but you can find an English translation of the article here.
This is from Reuters:
It is said that Europe is the biggest "victim" in what is said to be an international 'currency war' (it is really no war at all, but global monetary easing) as the euro has strengthened significantly on the back of the Federal Reserve and Bank of Japan having stepped up monetary easing.
This is Brad DeLong:
Good news - the Market Monetarist gospel is spreading across the world. The latest arrival is Petar Sisko's blog Money Mischief in Croatia. Petar blogs both in English and in Croatian. Petar has been a frequent commentator on my blog so I am happy that he is now taking the Market Monetarist message to Croatia. I like the fact that Petar has named his blog Money Mischief - undoubtedly after Milton Friedman's book. Money Mischief is one of my favourite books on monetary matters and I strongly considered naming my blog Money Mischief when I started it in 2011.
This is CNBC's Jeff Cox:
Well this is non-monetary, but I can't help myself. One of the top media stories in Europe this week is the "Horsemeat scandal".
It is very frustrating to follow the ongoing discussion of 'currency war'. Unfortunately the prevailing view is that the world is heading for a 'currency war' in the form of 'competitive devaluations' that will only lead to misery for everybody. I have again, again and again stressed that when large parts of the world is caught in a low-growth quasi-deflationary trap then a competition to print more money is exactly what the world needs. 'Currency war' is a complete misnomer. What we are talking about is global monetary easing.
Even though I am a Dane and work for a Danish bank I tend to not follow the Danish media too much - after all my field of work is international economics. But I can't completely avoid reading Danish newspapers. My greatest frustration when I read the financial section of Danish newspapers undoubtedly is the tendency to reason from different price changes - for example changes in the price of oil or changes in bond yields - without discussing the courses of the price change.