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Friday, April 21, 2006


brad setser

Should Argentina have thanked its private creditors for financing its 1998-2000 deficits as well, and the IMF for financing its 2001 deficit?

China doesn't force Walmart to source in China, tho by holdings its exchange rate down, China certainly bribes Wal-mart to do its its shopping in China. And the bigger question whether the US should be thanking China (and others) for masking the impact of big fiscal deficits in an economy that doesn't save, or cursing those providing the rope the US is using to hang itself ...

I don't agree with Dr. O'Rear on the RMB peg, but I am on his side of the do deficits matter debate.

pandora uk

I like this very much! Thank you for discussing!And ill study your articles more regularly!

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