What do you guys think of the idea of the Pacific rim imposing this. It seems that the countries with the least economic liberalism i.e. China and Hong Kong with its currency board is doing about the best in this crisis. It seems that with a hugh flight of foreign capital in the region currency boards,... seem to be the best bet.
For you economic historians. Also if I recall the US developed with the use of a very substantial dose of British Capital and we of course had major panics, depressions, .... in the process. How did the US keep from becoming a permanent economic colony of Britain.
--mike
-- Michael Cohen mike at cns.bu.edu Associate Professor, Center for Adaptive Systems Work: 677 Beacon, Street, Rm313 Boston, Mass 02115 Home: 25 Stearns Rd, #3 Brookline, Mass 02146 Tel-Work: 617-353-9484 Tel-Home:617-353-7755