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A strong dollar policy is the yeti of economics. Despite occasional
sightings, most recently by the National Association of Manufacturers,
the American Farm Bureau, and the AFL-CIO, scientific evide...
Milton Friedman’s classic “The Case for Flexible Exchange Rates”
was published in 1953, but its inception dates back to 1950 when the
author was a consultant to the U.S. Economic Cooperation Adminis...