Thursday, October 15, 2009

World Bank president Robert Zoellick gave this speech at Johns Hopkins University on September

The future for the United States will depend on whether and how it will address large deficits, recover without inflation that could undermine its credit and currency, and overhaul its financial system to preserve innovation while adding to safety and soundness. The United States also needs to help people adjust to change, so that it can maintain its greatest trump card: openness to trade, investment, people, and ideas. The geopoliticians will be on the watch for signs that America’s economic troubles are leading to a weakening of U.S. confidence, energy and resources to project its interests globally in cooperation with others

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