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Why should surplus nations sustain silly policies (other than the interest of sharing a devaluated/more-competitive currency)?

Because they want surpluses and fixed exchange rates at the same time.

They're perfectly free to pick another pair of objectives from the set.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Aug 30th, 2012 at 11:12:04 AM EST
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