everything's really ok

Doug Henwood dhenwood at panix.com
Fri Oct 13 08:38:12 PDT 2000

Brad De Long wrote:

>I think you'd have a point if the classical gold standard were
>attainable. But I think we'd be much more likely to wind up with the
>interwar international monetary system--the thing that facilitated
>the Great Depression...

And if you're a Latin American, that wouldn't be such a bad precedent, would it? LatAm did pretty well in the 1930s - and on into the 1960s even.


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