Order out of chaos.
'And if countries get in serious trouble, think of the
Russians at the moment, there is nobody at the center of the system who
has the responsibility of providing liquidity to people who desperately
need it. If we have a number of small countries or one big country which
run into trouble, the resources of the International Monetary Fund to
deal with this are very limited. The idea that all countries act in
their own individual interest, that you just let the exchange rate float
and the whole system will be fine: This all is a dangerous illusion.'
from:
http://www.zerohedge.com/news/2014-12-19/former-bis-chief-economist-system-dangerously-unanchored-it-every-man-himself
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