Posted by Raoul Djukanovic on June 29, 2009, 16:01:56
The World Finance Crisis & the American Mission
By Robert Skidelsky
The true roots of the current economic crisis lie in the privileging of the US dollar as the chief reserve currency during the Cold War—an arrangement that allowed the US to pursue an imperial mission that was greatly to the satisfaction of its partners and allies, but also led to huge macroeconomic imbalances. Until the US renounces this mission, it may be impossible to end them.
http://www.nybooks.com/articles/22898
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