Yet free prices, free exchange rates, free trade, free Labour markets and privatisation have proved a colossal success.

尽管如此，自由定价、自由汇率、自由贸易、自由的劳动力市场及私有化已取得巨大成功。

youdao

In addition, the central banks of free-floating currencies no longer had to raise interest rates to defend their exchange rates.

此外，采用自由流通货币的中央银行不需要再提息维护汇率了。

youdao

S4: I see. But I have another question. Are foreign exchange rates free to change according to the laws of supply and demand now?

学4：我明白了，但我还有一个问题。现在外汇汇率是按照供需规律自由地变化吗？ ？

youdao

Yet free prices, free exchange rates, free trade, free labour markets and privatisation have proved a colossal success.

ECONOMIST: The world after 1989

In other words, free-floating exchange rates are probably not the best option.

ECONOMIST: Getting out of a fix

Now given we live in a globalised financial market, with free-floating exchange rates and no capital controls, how would you "do" financial repression?

BBC: Business