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| Monday, December 20, 2004 |
| Concerted Policy Needed to Solve Looming Economic Crisis |
An piece in yesterday's Times nicely lays out the economic problems with the current state of affairs (high budget and trade deficits, low dollar). It likens todays situation to a similar one faced by Reagan in 1985 (difference is dollar was overvalued) and discusses how Reagan set a concerted course to improve the circumstances with proactive policy.
For the short version, print out and start reading at the top of Page 2 - the paragraph that starts "In broad schematic terms...".
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posted by CB @ 5:17 PM   |
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