Quote of the Day

“Since the financial panic began in 2008, global leaders have been at pains to stress their ‘cooperation’ on numerous issues—stimulus spending, new bank rules, trade. Yet they still insist on going their own parochial, self-interested way on monetary policy and exchange rates. It’s as if world leaders had consciously decided to deal with every economic issue except the most important one—the price of the global medium of economic exchange.”

The Wall Street Journal, October 1, 2010

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