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— David Graeber"If you look at history, there seems to be a regular pattern: the country with the most powerful military also happens to be the one with the world trade currency. That gives them an enormous economic advantage, which causes goods to flow into their country."
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Lately even the harshest critics of President Bush have been forced to admit maybe he's right about freedom's march around the globe. What if we are watching an example of presidential leadership that will be taught in American schools for generations to come? It's an idea gaining more currency.
— Brian Williams
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The proposal for a new global reserve currency - or Special Drawing Rights - is a good idea for many reasons. Yes, for the Chinese it would cushion any fall in the value of the dollar per se because it would only be part of a basket of other currencies, including the yen and the euro.
— Joseph Stiglitz
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