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Leaving aside the fact that the phrase "a new Bretton Woods" immediately recalls Lyndon LaRouche...

What do you suggests is likely to happen that would prompt the celebration of "a new Bretton Woods" conference, and what makes you think that, if Keynes of all people couldn't get the International Clearing Union, anything sensible if going to be put in place next time around?

Those whom the Gods wish to destroy They first make mad. -- Euripides

by Migeru (migeru at eurotrib dot com) on Tue Dec 12th, 2006 at 06:37:31 AM EST
[ Parent ]
Because "sensible" is all we have left....

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
by ChrisCook (cojockathotmaildotcom) on Tue Dec 12th, 2006 at 08:12:15 AM EST
[ Parent ]
There's always "dystopia".

You need political will to make "sensible" happen, and you might get a horror designed by committee (see Kyoto Protocol).

Those whom the Gods wish to destroy They first make mad. -- Euripides

by Migeru (migeru at eurotrib dot com) on Tue Dec 12th, 2006 at 09:52:42 AM EST
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