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Note that this would not have worked if they had been in the Eurozone, or if their central bank had been staffed by Stark raving lunatics, as this strategy relies on (a) being able to depress your currency rate rather than your economy and (b) unrestricted fiscal intervention to promote industrial expansion.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Nov 3rd, 2011 at 05:16:07 AM EST
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