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Category Archives: The Present: On The Brink Of Disaster

China: Every Boom Busts

Since the beginning of the Industrial Revolution, every economic boom has been followed by an economic bust. The bigger the boom, the bigger the bust.

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BERNANKE’S CHOICE

For twelve years the US trade deficit financed the US budget deficit and held down US interest rates. From 1996 to 2008, the US trade

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