Wednesday, July 25, 2007

Globalization Poetry

If you follow the comments to Dani Rodrik's blog, you'll notice a user 'paine' has a proclivity for verse:

obviously a rising lira
is not a stable lira forex

the point this really implies

the turk cb
is into
internal price stability
these days
inflation control

this pre empts
the use of monetary policy to hold down the value of the turk lira
for fear of its possible
run away price level

From this post.
Probably not a Nobel in literature, but hey.

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