Op-Ed Contributor - Four Deformations of the Apocalypse - NYTimes.com

As a follow-up on the JFK Tax Article below:

"It is also an outcome that Milton Friedman said could never happen when, in 1971, he persuaded President Nixon to unleash on the world paper dollars no longer redeemable in gold or other fixed monetary reserves. Just let the free market set currency exchange rates, he said, and trade deficits will self-correct."