Sunday, September 11, 2011

Mazi's Link O' the Day

The lessons of 1937-38: Instead of a sterilization policy aimed at buying/selling foreign reserves, it was the same policy aimed at buying/selling gold:

http://marginalrevolution.com/marginalrevolution/2011/09/douglas-irwin-on-the-1937-38-contraction.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+marginalrevolution%2Ffeed+%28Marginal+Revolution%29

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