Foreign Policy Research Institute A Nation Must Think Before it Acts Deterring the Debt Weapon

Deterring the Debt Weapon

Over the past half decade, the decline in the dollar’s value against all major foreign currencies and the concurrent rise in oil prices have put the American economy on a precarious footing. Despite the danger, changes in financial and commodity prices have been gradual enough that the economy has had time to adjust, forestalling the kind of swift, deep crisis that keeps the world’s central bankers awake at night….

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