"The first panacea of a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permeant ruin. But both are the refuge of political and economic opportunists." -- Ernest Hemingway

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Not so long ago, following French President Emmanuel Macron’s Beijing visit, many in the U.S. reacted to his expressed desire to avoid confrontation with China with indignation, labeling the leader a fool and a puppet.