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Wiemarize a country sufficiently and it will discard the gold standard. One way or another. The details will depend on the idiosyncrasies of the country in question, but discarding the gold standard is a constant.

This is the second most consistent historical experience in economics (the first one being that no, this time is not different).

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Jul 23rd, 2012 at 03:23:25 AM EST
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