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Nov
18

The new normal and the Tierra Solution

Post By gaia1 in Economic crisis

The new normal and the Tierra Solution.

The following comment was published yesterday in Paul Krugman’s column in the NY Times dealing the permanent slump which seems to become the new normal. Note how the NY Times informs you about the comment.

 

Why not push harder in this globalizing world for international solutions in the realm of monetary policy? Part of US trade deficits is the US Dollar functioning as an international currency making it easy for the US to borrow in its own currency. Why not push harder for the expansion of SDRs and even start discussing using the international monetary system to deal with this century’s greatest challenge of climate chaos by basing it on a carbon standard?

c The New York Times

 

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