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Sounds like the defence Sweden put up for the ERM/Ecu-peg (or whatever it was called) in the early 90's. The Riksbank jacked interest rates up to 500 % (yes, really) before it conceded defeat and let the krona float. Madness, but at least and unlike in Denmark, everyone in Sweden nowadays agrees that the peg was insane.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Thu Aug 11th, 2011 at 05:16:35 PM EST
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