But the G-20 process is heading toward global impotence because the Europeans aredismissing this approach. Instead, they want to spend this moment of peril working on a long-term architecture to regulate global finance. The world is in flames and they want directorates and multilateral symposia and vague plans for a powerless “college ofsupervisors.” This is what Marie Antoinette would be for if she were an annual Davos attendee.
Paul Krugman认为政府花的钱不够;Greg Mankiw认为政府做得不对。
The American agenda might work to ease the immediate crisis, but efforts to build a long-range global architecture certainly will not
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