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The Federal Reserve has a long history of creating aggregate demand bubbles in the United States. In the ramp up to the Lehman Brothers' bankruptcy in September 2008, the Fed not only created a classic aggregate demand bubble, but also facilitated the spawning of many market-specific bubbles....
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This essay examines options for bringing a sounder currency to Jamaica. The issues involved are vital for citizens and politicians in Jamaica because Jamaica's record for producing a sound currency has been so bad
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