More on Libya

Here are some sensible thoughts from my friend Steve Clemons

Dear Friends and Colleagues:

There is a big rush by some to impose a no-fly zone over Libya.  Bill Clinton’s voice has joined others like Senators John McCain, John Kerry, and Joseph Lieberman as well as former New Mexico Governor Bill Richardson in calling for NATO and the US to impose a no fly zone.

I think this is a mistake — and is more of an emotional impulse than one that really helps the Opposition in Libya.  The blowback costs could be huge — and there are other options, perhaps much better ones, to try and help those trying to rid themselves of Moammer Gaddafi’s rule.

My thoughts are here:
No-Fly Zone Over Libya Could Backfire & Undermine Protests in Middle East

All best,

Steve Clemons

About wcoats

Dr. Warren L. Coats specializes in advising central banks on monetary policy, and in the development of their capacity to formulate and implement monetary policy. He is retired from the International Monetary Fund, where, as Assistant Director of the Monetary and Financial Systems Department, he led missions to over twenty countries. Before then, he served as Visiting Economist to the Board of Governors of the Federal Reserve System, and to the World Bank, and was Assistant Prof of Economics at the Univ. of Virginia from 1970-75. Most recently he was Senior Monetary Policy Advisor to the Central Bank of Iraq; an IMF consultant to the central banks of Afghanistan, Kenya and Zimbabwe; and a Deloitte/USAID advisor to the Government of South Sudan. He is currently a member of the Editorial Board of the Cayman Financial Review and until the end of 2013 was a member of the IMF program team for Afghanistan. His most recent book is entitled "One Currency for Bosnia: Creating the Central Bank of Bosnia and Herzegovina."
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