http://www.telegraph.co.uk/finance/c...ic-policy.html
As soon as next week the leaders of the G20 bloc gather in Washington to construct the new financial order, a revived Bretton Woods. The summit is a minefield, camouflaged with interegnum pieties. Bretton Woods means a fixed exchange-rate system, that is to say the antithesis of the floating currency regime that is so deeply linked, in so many subtle ways, to flourishing free markets.
Thankfully, Mr Obama is well advised – by Paul Volcker, Warren Buffett and George Soros – notwithstanding Rupert Murdoch's jibe that his economic plans are "rubbish".
His likely pick to replace Hank Paulson at the Treasury is Tim Geithner, the head of the New York Fed, the crisis fireman of the last year and perhaps America's safest pair of hand.........
As soon as next week the leaders of the G20 bloc gather in Washington to construct the new financial order, a revived Bretton Woods. The summit is a minefield, camouflaged with interegnum pieties. Bretton Woods means a fixed exchange-rate system, that is to say the antithesis of the floating currency regime that is so deeply linked, in so many subtle ways, to flourishing free markets.
Thankfully, Mr Obama is well advised – by Paul Volcker, Warren Buffett and George Soros – notwithstanding Rupert Murdoch's jibe that his economic plans are "rubbish".
His likely pick to replace Hank Paulson at the Treasury is Tim Geithner, the head of the New York Fed, the crisis fireman of the last year and perhaps America's safest pair of hand.........