Starting tomorrow, there is to be a meeting of the G-20 nations, in Washington, to discuss the present financial crisis. I have been researching the mainstream thinking of economists and am saddened to find that the consensus is for more fiscal stimulation, greater borrowing and no mention of a reserve currency as an alternative to the US dollar. For those of you who are interested in reading some papers from some of the world's leading economists, you can download:-
http://www.voxeu.org/reports/G20_Summit.pdf
The language is not too technical and most of it is quite readable -- if lamentably stupid. It is the same sort of thinking that got us into this mess.
I'll be reporting back to this blog over the weekend, as news filters through.
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