Historians will produce reams about this abject failure of a man and his hastening the decline of the United States. Some thousand years from now scholars will look back in awe at the damage one presidency could inflict on a nation. Within the scope of the limitations of his office, he couldn’t have done more damage if he was trying.
For this, I will take off my shoe and beat the walls of his presidential library at SMU, if ever I get there.
In the meantime, I give you the quote that prompted this post:
“The United States is desperately trying to assert leadership, as if it were 10 years ago, when the U.S. set the agenda,” said Kenneth S. Rogoff, an economist at Harvard and another former chief economist of the fund.
It’s from an article in today’s New York Times about China and India challenging U.S. leadership of the IMF.