Re: G20 meeting to push fiscal adjustments
November 10, 2008 at 07:07 AM EST
[Skip to the end] (email exchange) Seems none of them have any clue that they are better off doing it unilaterally and hoping the other don’t follow. That would maximize their real terms of trade/standard of living. This is our big chance for the us to act first, aggressively, and alone to absorb the entire world’s excess capacity rather [...]