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Biotech / Medical : 2012 Biotech Charity Contest
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To: Steve Lokness who wrote (280)6/26/2012 12:07:58 PM
From: Chris08  Read Replies (1) of 513
 
I said "if you control your currency and borrow in your own currency". Weimar Germany was forced to pay reparations IN GOLD (rather like the Euro today in that it was not a currency it controlled) and needless to say it ran out of gold. BTW it was not the hyperinflation in Germany that ushered in Hitler but rather the austerity program of Brunning in reaction to the 1931 collapse that caused Germans to turn to Hitler. I am quite amazed at the lack of knowledge of macroeconomics here where I thought most of the posters were well educated in economics. Well, whatever.
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