A frightening parallel in Kantooseconomics.com, here, especially regarding a comparison of the return to the gold standard (then) and the creation of the euro (now).
It is time to remember a forgotten lesson of the Great Depression. How to get out of it: (a) drop out of the gold standard, and (b) devaluate your currency by an adequate monetary policy.
It is time to remember a forgotten lesson of the Great Depression. How to get out of it: (a) drop out of the gold standard, and (b) devaluate your currency by an adequate monetary policy.
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