主题:cited article, 中国除了不断地说“不”之外 -- parishg
nor military. I am merely a chemical engineer. Regarding to your comments:
Anyone can make a comment. But idle comments are worthless. Negative thinking or neh saying does not get anyone anywhere.
A better system is not created by a few people. History is created by the masses. Leaders are but a catalyst.
China is not proposing. China is leading by example. That is what Beijing Consensus is about.
You are rushing to conclusion. It is convenient to have an international clearance currency but not a necessity. Before WW2, there was no single international clearance currency, or you can say there were multiple parallel ones: sterling, francs, US dollars, marks, etc. It will be less convenient to go back to a similar system but not impossible. Bilateral clearance as China is setting up with a number of countries is another route.
You are talking about delinking money and wealth. How do you think Feds like that idea? Or anyone else? Small amount can be considered as a monetary policy adjustment. But a massive one is the start of a general collapse of US dollar if they try that on a massive scale. And once US dollar starts to flow back en masse, only a massive one can "absorb" the surplus. Or a massive inflation. Your pick.
--this is the 1970s solution which does not destroy the current system. It is a low-cost option to avoid too much political disruption.
No one, China included, likes to destroy the current system if it still works. And that is a big "if". If that system still works, western economy would not have been in such a mess. No revolution is voluntary. And don't confuse revolution with agitation. Agitation is to stir things up when things are not fundamentally broken.
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🙂the author is the jewish kid 4 parishg 字509 2011-11-27 16:17:55
🙂Yeah, reasonable 1 Levelworm 字257 2011-11-27 16:30:50
🙂不看立场,这篇对美国思路的分析不错 鹄釉扉 字14 2010-11-15 16:54:27
🙂I am no experty in economy
🙂what is Beijing Consensus? 10 parishg 字974 2010-11-14 08:43:21
🙂也许你说得对 Levelworm 字158 2011-11-27 14:36:53
🙂北京共识也是外国人总结的吧 四处张望 字172 2010-11-17 02:36:16
🙂问题在于需要一个普世的玩意 1 Levelworm 字232 2011-11-27 14:43:08