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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: brightness00 who wrote (75169)3/4/2001 2:31:17 PM
From: KyrosL  Read Replies (2) of 436258
 
<The correct policy would have been immediate raising interest rate to defend the dollar>

So, under a gold standard, any country with a stash of dollars, could cause a US recession by simply demanding gold for dollars. I prefer the current system, thank you.
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