This article fially shed light on the REAL disadvantage of the US dollar as a key currency. It also analyses marvellously what factors cause the trade and current account deficits. I had been waiting for expliing this missing link. Thank you.
Interesting read, and I especially like the point about finance serving the real economy, not vice versa. But I’ve got to ask how you can call for expansions of IMF and WTO powers alongside pro-democratic policy ? The two institutions are famously undemocratic
It's great to know people are drafting possible frameworks and considering what Keynes' clearing union might look like today. One question: would this managed system be as conducive to economic development of poorer nations as capital/currency controls in a context of unbounded US demand was for China?
This article fially shed light on the REAL disadvantage of the US dollar as a key currency. It also analyses marvellously what factors cause the trade and current account deficits. I had been waiting for expliing this missing link. Thank you.
Interesting read, and I especially like the point about finance serving the real economy, not vice versa. But I’ve got to ask how you can call for expansions of IMF and WTO powers alongside pro-democratic policy ? The two institutions are famously undemocratic
It's great to know people are drafting possible frameworks and considering what Keynes' clearing union might look like today. One question: would this managed system be as conducive to economic development of poorer nations as capital/currency controls in a context of unbounded US demand was for China?
Nice reminder on how the global trading system SHOULD HAVE EVOLVED. Sorry it did not happen. Now it is too late!