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fIXING A TYPO IN MY PREVIOUS EMAIL

 I wrote:


I think those with those who think that a flexible exchange rate is the
problem and a flexible exchange rate is the solution -- suffer from a
failure to understand the lack of Marshall -Lerner conditions in modern
day international trade....



I obviously meant "I think those who think that a FIXED exchange rate is
the problem and a flexible exchange rate is the solution....

Paul


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