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In his comments this week to the Carnegie Council workshop in New York, Leverett said that when US politicians talked about achieving energy independence, "either they don't understand how stupid that is or they do understand and say it anyway". He argued that the classic remedy to confront the US's declining currency was to raise interest rates and balance the budget, but there was no sign "that either McCain or Obama will do this". The US debate "was about some other planet from where we are now".
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