Can Anything Slow the Dollar’s Fall?

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“Dollar denial,” that state of willful blindness in which bankers and central bankers claim to be unworried about America’s falling currency, seems to be ending. Now it's time to consider how policymakers can intervene successfully.

“Dollar denial,” that state of willful blindness in which bankers and central bankers claim not to be worried about America’s falling currency, seems to be ending. Now even European Central Bank Governor Jean Claude Trichet has joined the chorus of concern.

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