More than the Big Mac, Coca Cola, or Levi's 501 jeans, the dollar is surely the United States' signature export.
Barry EichengreenPolitical union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Europe's fiscal, banking, and monetary union.
Barry EichengreenWhy was there so much work-sharing in the 1930s? One reason is that government pushed for it. In his memoirs, President Herbert Hoover estimated that as many as two million workers avoided unemployment as a result of his efforts to promote work-sharing.
Barry EichengreenSouthern Europe has not done enough to enhance its competitiveness, while northern Europe has not done enough to boost demand. Debt burdens remain crushing, and Europe's economy remains unable to grow.
Barry Eichengreen