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U.S. President Obama Should Peg the Dollar to the Yuan
Published: 27 November 2009
"As part of this strategy, America should ease restrictions on Chinese and other foreign investment in American companies. A crucial part of stabilizing the dollar is to increase global demand for dollars, by selling more American assets to reduce America’s overhang of foreign debt."says Professor Reuven Brenner from the Desautels Faculty of Management and David P. Goldman, senior editor of firstthings.com
, November 12, 2009
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