Tuesday, June 09, 2009

Not Laughing

It’s likely a testament to the world’s overall economic health that at least for now, foreigners and Americans alike can laugh at the musings of a Treasury secretary who’s so clearly not up to the job. The problem here is that the dollar remains the most important price in the world, and its decline is no laughing matter. Tim Geithner surely ignores its falling value to the detriment of the world economy, and if his indifference continues, we’ll soon enough not be laughing.