Simon Johnson: Christine Lagarde and the Demand for Dollars

The New York Times:

After receiving support from the United States at the critical moment, Christine Lagarde was named Tuesday as the next managing director of the International Monetary Fund. In campaigning for the job, Ms. Lagarde, France’s finance minister, made various promises to emerging markets with regard to improving their relationships with the I.M.F. But such promises count for little.

Read the whole story: The New York Times

Comments

[Jack Daniels Esq]

01:39 PM on 06/30/2011

Exports are buoyant - once folks realize that China & Obama are the problems, they are toast

[KIampfbeobachter]

10:39 AM on 06/30/2011

The last comment on economix got it right. What America needs is an EXPORT LED RECOVERY.

I am preaching this now for a month. America is barking up the wrong deficit tree.

[Steve Rockett]

12:27 PM on 06/30/2011

You are absolutely correct. I think we should be emphasizing the quality and safety of the American product, rather than cost.