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The Fed is repeating its mistake of 2020, in a whole new way
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Desmond Lachman is a senior fellow at the American Enterprise Institute. He was a deputy director in the International Monetary Fund’s policy development and review department and the chief emerging market economic strategist at Salomon Smith Barney
“When the facts change, I change my mind,” John Maynard Keynes is thought to have said. “What do you do, sir?”
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