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In a recent meeting with the Business Roundtable, President Biden remarked on the emergence of a new world order, emphasizing the U.S. role in leading and uniting the free world. He noted that current global institutions stem from the aftermath of the two World Wars. If Biden is to be taken seriously about U.S. leadership in shaping a better future, a critical area to address is international monetary policy, which has seen U.S. negligence. He suggested a reevaluation of key post-World War II arrangements to inform new and constructive policies. Additionally, he pointed out that the Great Depression of the 1930s was exacerbated by poor monetary decisions.
