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2/2 important American economist who was among the first to understand the implications of excess savings on capital flows and monetary conditions. His "The United States in the Orient" (written mostly in the 1890s) is a book I often re-read.
1/2 Very interesting piece by Nic Johnson on the history of the institutional development of the dollar as an international currency. I am especially pleased that he focuses so much on the work of Charles Arthur Conant, a largely-forgotten but very...