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On April 13, Iran launched an unprecedented retaliatory drone and missile attack on Israel, leading the U.S. and its allies to reach once again for their favorite weapon of war—sanctions. This knee-jerk reaction was as predictable as it was ill-founded, according to...
On August 14, 1997, shortly after the Thai baht collapsed on July 2nd, Indonesia floated the rupiah. This prompted Stanley Fischer, then the Deputy Managing Director of the International Monetary Fund and presently Vice Chairman of the U.S. Federal Reserve, to...
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