What's in a non-word... or two?
Two little words ... effective subsidy ... disappeared from a speech Ben Bernanke gave over in China. One could think this is an instance of pandering diplomacy. Feathers are already ruffling over U.S. complaints about China's inflexible currency and how it effectively subsidizes Chinese exporters. So maybe Bernanke softened the language at the last minute so as not to make waves with his Chinese hosts. Or, maybe by dropping those words and knowing everybody would pick up on it (the Fed chief's speeches are delivered to journalists ahead of time) Bernanke orchestrated a backhanded way of drawing even more attention to the problem without seeming strident or provocative. Boy, are we capable of such diplomatic subtlety? Nah! ...
Two words omitted
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