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Beggar-my-neighbour Quotes - Quotesdtb.com

Beggar-my-neighbour Quotes

Faced with the difficulties of unilateral reflation, some socialists are tempted to seek salvation through trade restrictions or competitive devaluation. But such beggar-my-neighbour policies, if pursued on the scale required...are more likely to lead to a trade and currency war than to insulate their sponsors from the recession in the outside world. (Denis Healey)