Phototypesetting could use a photographic image of fonts, rather than hot metal, to create the printing layout.

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After reading the " Hot type" story on digital color printing (Jan. 21), I wanted to clarify some points.

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These hot new dollars, fresh off the printing press, are buying treasuries and mortgage-backed securities so that their market price is bid up even higher (and therefore interest rates are even lower).

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As for the crudities of hot-metal typesetting and letter-press printing, all these have long been superseded by electronic setting (in which a 1970s managing director, Ian Trafford, was a pioneer, and made The Economist one too), and by the stunning quality of modern offset printing.

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There's stockings hung above the fireplace, overflowing hot cocoa on the table, a MakerBot Replicator 2 printing ornaments beneath the tree and a sampling of the year's most exciting gadgets strewn about.

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Mocking those who insist on going into the rain without an umbrella or who claim that night is day, cold is hot, snow makes for a good time at the beach, money printing generates wealth, and nations can tax and spend their way to prosperity may not solve any problems.

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