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d883kd8 | 3 years ago

This is not convincing because there are a variety of currency regimes in the world today and they seem to be in healthy competition

discuss

lsiq|3 years ago

What's unconvincing is the vagueness of that statement. Lets' get more specific then.

Explain, for example, how both the Fed and ECB implemented Basel III. Why do these two "independent" organizations adhere so closely to the policy recommendations of some unelected NGO?

JumpCrisscross|3 years ago

> Why do these two "independent" organizations adhere so closely to the policy recommendations of some unelected NGO?

Who do you think is on the committee that writes the Basel Accords [1]?

[1] https://en.wikipedia.org/wiki/Basel_Committee_on_Banking_Sup...