While President Obama flatly rejected the notion of a new global currency at last night’s press conference,
Treasuury Secretary Geithner today didn’t seem to rule it out. This is confusing. If the Geithner position is reasonable, then Obama should have said so last night. Allowing his Treasury Secretary to either flatly contradict him, or to interpret what he said, just the day before is unclear at best and doesn’t help build confidence in this administration, whether obfuscation was intended or not. Also see this; Austan Goolsbee seems to agree with Geithner.