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Debtonomics: Currency Crisis
by Steve Ludlum, Economic Undertow
An argument can be made that under our present circumstances analysis of
the declining economic order is not particularly relevant: it is best
to look forward rather than pick over the past, to let the current
regime fall apart and build something new and better on the ruins. While
there is something to be said for that approach, we need to understand
where we are ... and to do so not just to 'know the enemy' or grab him
by the belt. We are likely to see a post-industrial economy reassembled
out of existing components; evolution as much as revolution. How things
actually function is important to know, the challenge is to parse
analysis from advertizing. Within economics, the truth is liberating to
the extent that speaking it will likely get you fired.
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