26
August
Stiglitz Sees Risk to Dollar, Need for Reserve System
26 August 2009 Bloomberg.com
The dollar’s role as a good store of value is “questionable” and the currency has a high degree of risk, said Nobel Prize-winning economist Joseph Stiglitz.
“There is a need for a global reserve system,” Stiglitz, a Columbia University economics professor, said at a conference in Bangkok today. Support from countries like China should ensure orderly discussions on a new reserve system, he added.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahPddTLnd.qs
