There's likely some international law against issuing currency for another country. But we shouldn't let something like national sovereignty get in the way.
Walden Bello, Foreign Policy in Focus. November 11, 2010.
He reined in the IMF with the spectre of many other countries also walking away from their debts. By 2005, Argentina was able to kick the IMF out of the country entirely.
The spiral of economic calculation is dizzying, when you factor in inscrutable fees and other invisible transactions banks attach to the light-speed movement of our money.
Stephen S. Cohen, J. Bradford DeLong, Basic Books. February 11, 2010.
America finds itself cash poor, and to a great extent, power follows money. A new book explores the grave consequences this loss will have for America's place in the world.
