Debt Man Walking

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opednews.com

Author 2451
Economists know the fatal flaw in our system--but they can't agree how to fix it. For decades, the United States has relied on a tortuous financial arrangement that knits together its economy with those of China and Japan. This informal system has allowed Asian countries to run huge export surpluses with the United States, while allowing the United States to run huge budget deficits without raising interest rates or taxes.

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