> Actually, I don't overlook this. In fact I wrote my dissertation on
> this and looked into the role of historical "inertia" quite closely
> and it doesn't hold up.
Sounds like a great diss. Did you ever publish an article summarizing it?
If not, what school did you do it at?
> The official dollar role has been over since 1973. The US has run
> current account deficit in every single year since then, deficits that
> grow each year
I thought that we'd run a trade deficit every year since then, but that
the current account didn't go into deficit until Reagan. Am I
misremembering? Is there good URL to see a summary of these annual
numbers for the last 30 years?
Michael
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Michael Pollak................New York [EMAIL PROTECTED]
