The U.S. can settle its debts and get its own house in order, but that would cause world trade to contract. A substitute global reserve currency is needed to fuel the global economy while the U.S. solves its debt problems.
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As was the case with the now hobbled U.S. banking system, the dollar's fortunes have long depended on the confidence of others.
BEIJING — China is calling for a new global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world econ...
We must grow the economy by empowering the private sector. I would have hoped by now we learned that inflation doesn't solve anything.
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