Man engages for the sole purpose of exchanging value. The carry trade is the movement of value from a place of low returns to a place of higher returns. A payment system is the conduit for extracting value where that value is captured in a currency. Labor and capital are the forces that combine to extract value. An optimal exchange of value is a function of a transparent, quick, efficient payment system, untaxed, with no leakage. Public policy should be in line with this philosophy of a payment system.
Published by Alton Drew
I graduated from The Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). I am a member of the Maryland Bar and practice political law. You can follow me on Twitter @altondrew. You can email me at firstname.lastname@example.org. View all posts by Alton Drew