Although this medicine may have helped cure the problem, it was the emergency rate cuts by the U.S. Federal Reserve in the fall of 1998 that pumped enormous liquidity into the global system and dramatically reduced financial stress in Asia.

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Something similar happened in Argentina after it adopted its convertibility plan: people started to believe that biting the bullet of a permanently fixed exchange rate was enough, on its own, to cure the economy's problems.

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Josh Sommer, the founder of the Chordoma Foundation, was diagnosed with chordoma, a rare cancer of the skull and spine with a 30% cure rate and no approved drugs.

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