George Selgin says depositors’ real losses from the 1934 devaluation were limited, despite losing a valuable contractual right. He notes CPI rose under 4% from 1934 to 1939, while nominal bank deposits increased.
published
George Selgin says depositors’ real losses from the 1934 devaluation were limited, despite losing a valuable contractual right. He notes CPI rose under 4% from 1934 to 1939, while nominal bank deposits increased.
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$NBIS market result
I sold the $230 Puts on $NBIS for $4.30 - expiring Friday
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