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Soft Landing or Hard: Rip van Winkle Wakes Up

…that much of today’s current account deficit is being financed by Asian Central Bank mercantilism. The old Mundell premises about floating exchange rates may be good macroeconomics for the 1980’s,…

The contrarian addiction

…protects the public from food-borne illnesses. It issues nutritional advice and drug labeling guidelines. It polices false medical claims on packaging and in advertisements. It safeguards about one in every…