Jim wrote:

> In [recessionary] times like this, product price deflation is more
> likely than their inflation, so that hoarding money is more likely
> than shifting over to commodity money. Of course, you might want to
> hoard euros rather than US$.

Precisely.  I'm referring to that passage in Capital where Marx quotes
Shakespeare (?) about the divorce between C-M and M-C.  Love's course
never runs smooth (?) or something like that.
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