---------- Forwarded message ----------
From:
Dante-Gabryell Monson <dante.monson@gmail.com>
Date: Sun, Oct 30, 2011 at 12:14 AM
Subject: Towards a World Currency ?
To:
econowmix@googlegroups.com
is this what is currently happening ?
Towards a World Currency
excerpt :
The political limitations of that solution, however, would make it difficult if not impossible to negotiate. It would greatly increase the power of the United States and leave the world at the mercy of potentially aggressive unilateralism.
"The temptation to exploit its monopolistic position and raise the inflation rate to maximize off-shore seigniorage would be too tempting."
//
Robert Mundell C. Lowell Harriss Professor of Economics , Columbia University
Currency Areas, Exchange Rate Systems and International Monetary Reform