Reminder: We don't need $3T or whatever of money "trapped" overseas. It's the Federal Reserve's job to regulate how much money flows here.
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(This admittedly may put me ahead of many professional economists who say things that don't even *sound* like Scott Sumner's blog.)
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And I'm so far from being able to evaluate real macroeconomics that I'm just nodding my head like I do when reading Scott Sumner's blog
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