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Morning Must-Read: Barry Eichengreen: Greece in Light of the Past and Future of the Euro - Washington Center for Equitable Growth
“I’m strongly of the view that 1929-1931 and 2008-2010 were cut from the same cloth…
…broadly speaking, whereas 1920-1922 was a fundamentally different animal… caused by monetary tightening by the Federal Reserve designed to wring inflation out of the economy, not by deeper economic and financial imbalances
