Icon Re: Greenspan Says Gulf Inflation Will Fall If Dollar Peg Is Dropped
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pkjensen (view)

Why so oblique? Which 2 words in the 5th paragraph are you referring to? "prime minister"? "dollar pegs"? "oil exports"? "unilateral revaluations"? "when the"?

I'm guessing you mean unilateral revaluations, but I don't see anything nefarious or potentially hazardous to our economy on this. There's no substantial underlying economic proof that pegging a currency to the dollar is of any help to anyone.

Check this out for some contrast: http://themessthatgreenspanmade.blogspot.com/2008/02/on-subsidies-dollar-pegs-and-price.html

And this one regarding the world's second largest exporter of oil.... http://www.ft.com/cms/s/0/cb1cd3e0-771b-11d9-b897-00000e2511c8.html
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