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Who Debased the Dollar?
Barry Ritholtz makes an obvious but strangely unnoticed point: right now we have all these people hysterical about the debasement of the dollar, but where were they when the real devaluation was taking place?
Funny how we didn’t hear all this hysteria between 2001 and 2007. For the record: while I had plenty of complaints about the Bush economy, the declining dollar was never among them.
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