Paul wrote: > During WWII, as it became clear that Japan was facing defeat, Japanese Govt > bonds were selling in London for 1% or 2% face value. Sraffa put all his > available funds into this basket; when the war ended in order to establish > credibility the Japanese Govt paid in full, including back interest. Hence > the, by then, poor Italian refugee made a small fortune that he left to > Trinity College Cambridge on his death. > > (Story I was told at Cambridge, apparently true.)
so maybe pen-l should pool its meager savings and buy Iraqi government bonds? (I bet Goolsbee has put some money into them -- without telling us, natch.) -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
