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With Wyoming's mighty Teton Mountain Range providing a suitably Olympian background, Federal Reserve Chairman Ben Bernanke eagerly preached the gospel of global economic integration.
"One of the defining characteristics of the world in which we now live is that, by most economically relevant measures, distances are shrinking rapidly," Bernanke informed his fellow titans--central bankers from around the globe, gathered at the annual Jackson Hole Economic Forum. "The shrinking globe has been a major source of the powerful wave of worldwide economic integration and increased economic interdependence that we are currently experiencing."
Bernanke praised the ...