Congress is considering bills to give the secretary of the treasury the power to share with the dollarizing countries some of the revenue that they lose by not issuing their own currency.
The campaign of Senator Barack Obama quickly countered by saying that the financial rescue plan that President Bush signed into law last week already gave the treasury secretary such power.
In the middle of it all, on January 7, the government passed a law giving the treasury minister the power to hire and fire broadcasting chiefs in TV and radio, as well as civil service directors.
National currencies are backed by national treasuries with the power to tax and central banks with the power to print money.
Legislation now making its way through Congress will give America's treasury secretary new powers to stop American banks doing business with others in jurisdictions that he decides help money-launderers.
Chancellors of the exchequer wield more power in Britain than treasury ministers do in other European governments, and Mr. Brown is a particularly strong occupant of the post.
On the other hand, it is very stupid on the part of Nepalese citizens to hand the power and treasury to untested leaders full of lust, anger and greed.
President Bush ordered an immediate freeze today of all assets in the United States of suspected Islamic terrorist groups and individuals and gave the treasury secretary broad new powers to impose sanctions on banks around the world that provide them access to the international financial system.
