Wednesday, October 6, 2010

Race To Debase, Take 3

Dominique Strauss-Kahn
Managing Director, International Monetary Fund:

"There is clearly the idea beginning to circulate that currencies can be used as a policy weapon. Translated into action, such an idea would represent a very serious risk to the global recovery . . . Any such approach would have a negative and very damaging longer-run impact."

Financial Times, 10-05-10

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