Special Report on
Rules for International Monetary Reform
Rules for International Monetary Reform - Trends
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Since People's Bank of China Governor Zhou Xiaochuan�s proposal for reforming the international monetary system was published on March 23, there have been new developments with regard to the international use of the Chinese currency Renminbi (RMB). The historical context of Governor Zhou�s proposal and the prospects for the international use of the RMB are interrelated. In spite of the generally negative press reports in the United States, Zhou�s proposal was couched in careful, professional and non-provocative language. Although the proposal may have been partly motivated by domestic politics, it does reflect deep-rooted ...
We believe in free markets and free people." We stands for free trade and sound money; against confiscatory taxation and the ukases of kings and other collectivists; and for individual autonomy against dictators, bullies and even the tempers of momentary majorities. By Katrina vanden Heuvel President Barack Obama will need to act swiftly and invest political capital -- along with trillions of dollars -- in a sustained recovery program. While many caution our new president to tread carefully, the reality is that half-steps will not lay the groundwork for a new economy that is more just ... Read More
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