{"id":4623,"date":"2011-05-14T10:26:33","date_gmt":"2011-05-14T15:26:33","guid":{"rendered":"http:\/\/onthe8spot.com\/?p=4623"},"modified":"2011-05-14T10:26:33","modified_gmt":"2011-05-14T15:26:33","slug":"econthe-stabilization-of-the-mark-angry-bear-financial-and-economic-commentary","status":"publish","type":"post","link":"http:\/\/onthe8spot.com\/index.php\/2011\/05\/14\/econthe-stabilization-of-the-mark-angry-bear-financial-and-economic-commentary\/","title":{"rendered":"Econ::The Stabilization of the Mark &#124; Angry Bear &#8211; Financial and Economic Commentary"},"content":{"rendered":"<blockquote><p>Those people were mostly speculators who had borrowed marks. Since the stabilization wasn&#8217;t absolutely believed, the nominal interest rate was 20% per day. Making people wait a few days for their promised dollars is a way to bankrupt them. Bankrupting all the people betting against the stabilization is a way to make it work.<br \/>\nvia <a href=\"http:\/\/www.angrybearblog.com\/2011\/05\/stabilization-of-mark.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+blogspot%2FHzoh+%28Angry+Bear%29\">The Stabilization of the Mark | Angry Bear &#8211; Financial and Economic Commentary<\/a>.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Those people were mostly speculators who had borrowed marks. Since the stabilization wasn&#8217;t absolutely believed, the nominal interest rate was 20% per day. Making people wait a few days for their promised dollars is a way to bankrupt them. Bankrupting all the people betting against the stabilization is a way to make it work. via &hellip; <\/p>\n<p class=\"link-more\"><a href=\"http:\/\/onthe8spot.com\/index.php\/2011\/05\/14\/econthe-stabilization-of-the-mark-angry-bear-financial-and-economic-commentary\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Econ::The Stabilization of the Mark &#124; Angry Bear &#8211; Financial and Economic Commentary&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-4623","post","type-post","status-publish","format-standard","hentry","category-economics"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/posts\/4623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/comments?post=4623"}],"version-history":[{"count":0,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/posts\/4623\/revisions"}],"wp:attachment":[{"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/media?parent=4623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/categories?post=4623"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/tags?post=4623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}