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Dept. of the Delayed Press: John Berry and Martin Wolf today on the Unsustainable US Current Account Deficit

Good to see that, after my blog item the other day on the US current account deficit unsustainability, where I bemoaned the press for its oversight of the Fed/FOMC concerns, the leading Fed watcher John Berry picked up today the story of the Fed discussing the US current account deficit and Martin Wolf from the FT also wrote today an important piece on the unsustainable US twin deficits (“America on the Comfortable Path to Ruin”).

Better late than never! In fairness to the always sharp and insightful Wolf, he has been concerned about the US twin deficits for a while and written about them before.

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Edwin G. Dolan is an economist and educator with a Ph.D. from Yale University. Early in his career, he was a member of the economics faculty at Dartmouth College, the University of Chicago, and George Mason University. From 1990 to 2001, he taught in Moscow, Russia, where he and his wife founded the American Institute of Business and Economics (AIBEc), an independent, not-for-profit MBA program. Since 2001, he has taught at several universities in Europe, including Central European University in Budapest, the University of Economics in Prague, and the Stockholm School of Economics in Riga, where he has an ongoing annual visiting appointment. During breaks in his teaching career, he worked in Washington, D.C. as an economist for the Antitrust Division of the Department of Justice and as a regulatory analyst for the Interstate Commerce Commission, and later served a stint in Almaty as an adviser to the National Bank of Kazakhstan. When not lecturing abroad, he makes his home in San Juan Islands, Washington.

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