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What three economists taught us about currency arrangements

Richard Cooper, Robert Mundell, and John Williamson made important contributions on a variety of topics in international economics throughout their careers, particularly in terms of how we think about currency arrangements. This column reviews the work of all three, tracing their ideas and drawing lessons for policymakers today. ....

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Detailed text transcripts for TV channel - MSNBC - 20180302:11:12:00

People than that. there s a sense that this yesterday, if these tariffs do get implemented, i agree we re not sure whether anything that the president says at the moment is going to come to pass, this is a major departure in 70 years of orthodoxy in american economic policy. and there s a reason that famous american economists who promoted free trade were also given the noble peace prize, because free trade has been linked since the second world war to global peace and stability. the more countries trade, the theory is the less likely they to go to war with each other. donald trump doesn t buy into that. you ve got china throwing its weight around the world and looking outward. you ve got russia throwing its weight around the world and looking out wards. just at a time when you need stability and anchor in the world, both united states and britain, my country, are retreating and looking inwards an you ve got this emerging trade war happening. this is a toxic mix that we re ....

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