Topical Issues

1
Topical Issues

• Garten, The Global Economic Challenge
• Steil, The End of National Currency

2
US global economic priorities?

• Geoeconomic problems have geopolitical
  significance pay greater attention to them
  (involvement commensurate with US power and US
  interests)
• Need for international cooperation (incl. support
  for international institutions)
• Promotion of democracy/free market?
• Need to maintain confidence in need to
  abandon reckless fiscal policies
• Potential social costs to the US?

3
End of national currency?

• Monetary sovereignty/nationalism is a dangerous
  delusion causes financial instability
• Alternative reconnect the value of money to a
  real asset abandon unwanted currencies
• If governments dont accept the imposition of
  fiscal prudence money can be privatized
• US needs to reestablish long-term fiscal
  discipline