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发帖数: 6973 | 1 Benn Steil, Lessons from the 1930s for a Rising Renminbi. Financial Times,
June 23, 2010.
http://www.cfr.org/publication/22498/lessons_from_the_1930s_for_a_rising_renminbi.html
Excerpt in the window of the print: Then, as now, China would not budge.
Morgenthau fired back: 'You people are playing poker and you are bluffing'
Note:
(a) The article states, "Chinese silver stocks were smuggled out of the
country and sold abroad, reducing the money supply and triggering deflation
* * *" It is well kn | c**i
发帖数: 6973 | 2 (continued)
(v) silver standard
http://en.wikipedia.org/wiki/Silver_standard
(section 3: China)
(e) The following monograph is authoritative.
Tomoko Shiroyama, China during the Great Depression: Market, State, and the
World Economy, 1929-1937. Harvard University Press, 2008 (325 pp)
http://www.hup.harvard.edu/catalog.php?isbn=9780674036178
Note: Tomoko SHIROYAMA 城山 智子 is a professor of 一橋大学 Hitotsubashi
University.
http://en.wikipedia.org/wiki/Hitotsubashi_University
(a aational university with | c**i
发帖数: 6973 | 3 Last night I read
Chpater 7 FDR, Silver, and China
in
Milton Friedman, Money Mischief: Episodes in Monetary History. Harvest Book
(1994).
http://books.google.com/books?id=ZNAhXe2pz1cC&printsec=frontcover&dq=friedman+money+mischief&hl=en&ei=9U55TOLZFsH7lwfO06jqCw&sa=X&oi=book_result&ct=result&resnum=1&ved=0CDQQ6AEwAA#v=onepage&q&f=false
Please pay more attention to
(a) a footnote at p. 177, and
(b) "Chiang Kai-hek resigned in February [1949], and fled with the last of
the gold reserves (about thr |
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