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They might be economists, but how many economists have even heard of the Wörgl experiment, one in a hundred? How many considered it even vaguely relevant to the current situation before Münchau started writing about parallel currencies in the Financial Times last week or so?

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Sat Feb 28th, 2015 at 06:16:52 PM EST
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