Europe has lost its implicit claim to be the best source of serious people with the experience needed to run the international monetary system.
— Jeffrey Frankel (Harvard University)
Quote of the Day: Martin Wolf
[People] say that the WTO will collapse if we don’t keep on doing [trade liberalization] rounds. I think that’s absurd. Do we think the legal system will collapse if we don’t go on writing more laws?
— Martin Wolf (Financial Times)