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October 31, 2011

China
The Future of International Liquidity and the Role of China

Overview Financial crises in the 1930s and 1970s showed the world that economic instability results when demand for international liquidity allows a small number of countries to run up massive deb…

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June 9, 2010

Budget, Debt, and Deficits
How Dangerous Is U.S. Government Debt?

Overview The dollar's status as the world's reserve currency has become a facet of U.S. power, allowing the United States to borrow effortlessly and sustain an assertive foreign policy. But the ca…

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