Can the current post-Bretton Woods international monetary system prevent a return to the beggar-thy-neighbor policies and competitive devaluations that so harmed international prosperity in the 1930s? What are the system's flaws? Can they be corrected, and if so, how? An expert panel will address these and related issues.

Had European policymakers not been overly complacent over the past decade, they might have learned a lot from Latin America's sad past experience with misguided macroeconomic policies, especially under fixed exchange rate regimes. This might have helped them to avoid their present sovereign debt crisis. Now that they are neck-deep in the mess, it is too late for those lessons.

The following is a summary highlighting testimony by AEI Director of Economic Policy Studies Kevin Hassett to the Joint Economic Committee at a hearing entitled "How the Taxation of Capital Affects Growth and Employment."

With each passing day, Greece's economic and political malaise deepens despite one massive International Monetary Fund-European Union bailout package after another to keep that country afloat.

The economic recessions in Greece, Ireland, and Portugal will become deeper if the IMF and the EU don't recognize that the countries in the periphery suffer from solvency rather than liquidity problems--which are not amenable to correction by fiscal retrenchment alone in a fixed exchange rate system.

Joesph Antos' statement on premium support for Medicare before the House Committee on Ways and Means' Subcommittee on Health

While one would not want to minimize the short-term trauma that exiting the euro would involve for the eurozone's peripheral countries, it would at least offer them the future prospect of strong export growth.

Amore flexible exhange rate is part of the solution to the Asian and Middle Eastern inflation policy.