We must get ready for a weak-dollar world
By Jeffrey Garten
Published: November 29 2009, The Financial Times
The two most significant structural consequences of the recent financial debacle are the massive deficits and debts of the US and the shift of economic power from west to east. There is only one effective way for governments to address the combined impact of both: press for a sea change in currency relationships, especially a permanently and greatly weakened dollar.
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