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Michael Pettis
michaelpettis.bsky.social
did:plc:aday7msfnpqba7psqpjq3pij
12/16
Rather than assert that net capital inflows must lower US interest rates, and that this must lead to more investment and faster growth, economists should consider more carefully the various ways in which a real economy adjusts to changes in its external imbalances.
2025-08-31T12:09:06.470Z