tag:blogger.com,1999:blog-5713178645208582139.post8004134092625849554..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: About that Proposal for a New Reserve Currency...David Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5713178645208582139.post-72450548635688198012009-04-17T14:42:00.000-05:002009-04-17T14:42:00.000-05:00I am sort of with Rebecca here.
I am not sure why...I am sort of with Rebecca here.<br /><br />I am not sure why the SDR provides any sort of benefit. I realize that China might benefit from holding the SDR, which is weighted by a basket of currencies. However, Justin Fox makes the case that this would be better for the United States, but in reading the article I am not sure that the US receives any real benefit at all.<br /><br />We had an Josh Hendricksonhttp://www.everydayecon.comnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-36161890583208368062009-04-16T09:50:00.000-05:002009-04-16T09:50:00.000-05:00Rebecca:
All is well in Texas. I will note, thou...Rebecca:<br /><br />All is well in Texas. I will note, though, that the variability of weather is high here during this time of the year...one day it is 40 degress the next day it is 80 degrees. Adaptive exepectations definitely does not work here for forecasting winter weather!<br /><br />You make a good point as to whether the SDR will really make a difference in rebalancing current account David Beckworthhttps://www.blogger.com/profile/04577612979801459194noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-32797544332779844372009-04-15T15:06:00.000-05:002009-04-15T15:06:00.000-05:00Hi David,
How is Texas? Putting Bretton Woods (i....Hi David,<br /><br />How is Texas? Putting Bretton Woods (i.e., global currencies are pegged to the dollar) aside for a moment, the dollar is the main source of power because key nations are running perpetual current account surpluses, as the US economy is willing to give them freely. This is the problem, current account imbalances, and not the dollar itself. I honestly don’t understand how Anonymousnoreply@blogger.com