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Stephen Mihm: An Old Tool to Fight a New Recession: Perishable Money


Note to the Fed: A currency that lostvalue unless it was spent right away worked wonders in Depression-era Austria. Almost 10 years after the Great Recession ended, the growing threat of a new economic slowdown raises a troubling question: When the next recession strikes, what can the world’s central banks do? With interest rates low

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Posted: April 22, 2019 Monday 08:30 AM