Hat tip, Instapundit
July 6 (Bloomberg) -- Russia and India said the world economy is too reliant on the U.S. dollar and called for changes in how $6.5 trillion in currency reserves are managed, as Group of Eight leaders prepare to meet this week.
Some prejudice against Harvard education?
| They're doing it wrong. If the US dollar should not be the world's currency reserve, people, companies and countries will have been at more decision points choosing something better. If the change must come by fiat, it is the wrong decision, being taken for political rather than economic decisions. |
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