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Bretton Woods II

bush_cheney2004

By bush_cheney2004
in The Rest of the World

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bush_cheney2004 Grand Master

bush_cheney2004

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What is being hailed as "Bretton Woods II" will be held on 11/15 in Washinton D.C. The usual G-7 suspects will be joined by the next echelon of industrialized nations for a total of twenty. Curiously, Spain is not invited, despite being a top 20 economy.

Prime Minister Harper has set only modest expectations, while President Bush is seeking a legacy feather as lame duck. President Elect Obama will not attend, but will be saddled with any agreements (not very likely), and any followup agenda.

If Keynes and Bretton Woods I led to the current financial circumstance, maybe it is best that nothing happen at all.

Economics trumps Virtue. 

 

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