Peter Mandelson, currently Business Secretary in the UK government of Gordon Brown and formerly EU trade commissioner, has an op-ed in today’s WSJ (June 19, 2009), “We Need More Global Governance: The Crisis Reveals the Weakness of Nation-Based Regulation,” (might be behind subscriber wall). (Reader warning: this goes on for a while.)
This piece offers a striking example of the intersection of substantive views of monetary policy affecting one