Last night, President Barack Obama expressed confidence in the dollar and declared: "I don't believe that there's a need for a global currency."
Normally, that would settle the issue. But in the past 24 hours two of Obama's top economic advisers have signaled an openness to such a new global currency -- in one form or another. What's going on?
http://www.weeklystandard.com/weblogs/TWSFP/2009/03/white_house_open_to_global_cur.asp
Wednesday, March 25, 2009
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