The fallout from some pretty stupid economic policies over the last 15 years continues to pile up.
The Demise of the Dollar. It seems a bit overstated because there's not much really new here (there have been efforts along these lines in the past), but what gives it a taste of alarm and urgency is that we seem so unprepared for the shift. I'm hoping Obama's Econ Team has been thinking hard about this, and that their willingness to let the dollar slip is part of the plan to get money flowing back into the US.
We have 7 or 8 or 9 years before "the market basket of currencies" takes over as the global reserve currency - now if only we could think of some cool new industries to start building. Hmmm.
UPDATE: From Crooks and Liars, some lessons on what it all means to us little people.
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