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Nadine,
How can you publish this nonsense?

This analysis is, at best, applicable to a currency on a gold standard.
It has no application whatsoever with our non convertible currency.

Is there a review board?

Have them read this brief draft:

7 Frauds

Sincerely,

Warren Mosler

Dear Colleague:

In an article in the forthcoming November/December 2009 issue of Foreign Affairs, “The Dollar and the Deficits: How Washington Can Prevent the Next Crisis,” C. Fred Bergsten, director of the Peter G. Peterson Institute for International Economics, says if the U.S. is serious about recovering from the global economic crisis, it must balance the budget, stimulate private saving, and embrace a declining dollar.

For full text of article, visit:

Link

I have attached the press release below. If you have any questions or want to get in touch with Dr. Bergsten, please contact me directly.

Best,

Nadine

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