Those who think I haven't given sufficient attention to international monetary policy will be pleased to learn that I've been in London studying the euro, the unified currency being adopted by the European Union, and have decided that it sounds too much like a small car.

I believe it was John Maynard Keynes who said, "If a currency is going to sound like an automobile, it should at least sound like a large automobile." It is easy to imagine an Englishman saying, "I've been thinking of buying a little runabout--perhaps one of those new Euros."

"A bit tinny, aren't they?" his...

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