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Good lies need a leavening of truth to make them palatable.
Good lies need a leavening of truth to make them palatable.
Good lies need a leavening of truth to make them palatable.
Good lies need a leavening of truth to make them palatable.
Good lies need a leavening of truth to make them palatable.
Good lies need a leavening of truth to make them palatable.
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Martin Feldstein:
To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American aMartin Feldstein:
Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividenMartin Feldstein:
The only way that we can reduce our financial dependence on the inflow of funds from the rest of thMartin Feldstein:
The good news is that a competitive dollar in the global market and a strong dollar at home are comMartin Feldstein:
But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fellMartin Feldstein:
The more competitive value of the dollar turned around the trade deficit.Martin Feldstein:
Domestic inflation reflects domestic monetary policy.Martin Feldstein:
In short, both experience and economic theory imply that the US could now t to a more competitive dMartin Feldstein:
But because we in the United States finance our current account deficit by borrowing in our own curMartin Feldstein:
An increase in the relative price of products from the low wage manufacturers in Asia and Latin Ame