"Benn Steil, writing in the current issue of CFR's influential Foreign Affairs magazine, says 'the world needs to abandon unwanted currencies, replacing them with dollars, euros, and multinational currencies as yet unborn.'
In the article, 'The End of National Currency,' Steil clearly asserts the dollar and the euro are temporary currencies, perhaps necessary today. He argues 'economic development outside the process of globalization is no longer possible.'
"His inevitable conclusion is 'countries should abandon monetary nationalism.'"
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Wednesday, May 9, 2007
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Booker T. Washington said:
"There is another class of colored people who make a business of keeping the troubles, the wrongs, and the hardships of the Negro race before the public. Having learned that they are able to make a living out of their troubles, they have grown into the settled habit of advertising their wrongs -- partly because they want sympathy and partly because it pays. Some of these people do not want the Negro to lose his grievances, because they do not want to lose their jobs....There is a certain class of race-problem solvers who do not want the patient to get well, because as long as the disease holds out they have not only an easy means of making a living, but also an easy medium through which to make themselves prominent before the public."
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