A nation has the legal monopoly power to create money to achieve special policy goals such as price stability or full employment, but to call it manipulation may not be accurate.
Jerry Haar, PhD, is a professor and former associate dean and director of the Pino Global Entrepreneurship Center in the College of Business Administration, Florida International University. He is also a non-resident senior research fellow at Columbia and Georgetown, and has held visiting appointments at Wharton, Harvard, Oxford, Stanford, and the American Enterprise Institute. Dr. Haar has also been a research associate at Columbia University and a Fulbright Scholar at the Getúlio Vargas Foundation in Brazil. He has consulted for many companies and written for or appeared in The Wall Street Journal, The New York Times, The Washington Post, The Financial Times (London), The Journal of Commerce, Bloomberg Business Week, Newsweek, CNN, the BBC, Fox Cable News, NBC, and CBS. His books include Winning Strategies for the New Latin Markets, Can Latin America Compete?, Small Firms, Global Markets: Competitive Challenges in the New Economy and The Future of Entrepreneurship in Latin America.