SWEDEN: Two Out of Three

In January 1932 Sweden slid off the gold standard and into a bold experiment in "managed currency" as the world's economists held their breath. By last week Sweden was so solvent that it moved to redeem the last $13,000,000 of a $30,000,000 bond issue marketed in the U. S. in 1924 and not due until 1954. For the first time taciturn Swedish officialdom, through the National Debt Office, gave credit to the managed currency system. Last week some economists agreed with the Debt Office while others were not so certain.

Sweden's currency...

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