“A funny thing happened on the way to the G-20 meeting in Seoul, South Korea, this week: The world’s growing dissatisfaction with U.S. policy toward the dollar has derailed the Obama administration’s proposal to elevate trade balances as the reference point for currency values. Instead of asserting America’s traditional leadership role, President Barack Obama is confronting calls to replace the U.S.–and the dollar–as the center of the international monetary system.” Read more.
“Time to Reform the International Monetary System”
Charles W. Kadlec
Forbes.com, November 10, 2010.
Image by renjith krishnan / FreeDigitalPhotos.net.
