arbitrage failing to fix a hole is a sure sign of wrongful government intervention. for example: the yen carry trade that made and is now breaking iceland. in

arbitrage failing to fix a hole is a sure sign of wrongful government intervention. for example: the yen carry trade that made and is now breaking iceland. in a real free market the arbitrage between yen interest rates and ISK interest rates would have eventually closed. instead, governments forcibly controlled interest rates.