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Recursion

(56,582 posts)
2. I keep coming back to that. Forgive all of Greece's debt and they still need to leave the euro
Tue Jul 14, 2015, 02:50 AM
Jul 2015

There's nothing to be gained for them to be in a monetary union that never has any expansionary pressure by design. As Krugman points out, it's actually a bit worse than the gold standard was.

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