2010 September 12 Sunday
Iraq Violence Declined Due To Rising Currency?

Did a surge in the value of the Iraqi dinar make it too expensive for external jihad funders to hire warriors?

The most intriguing theory comes from Peter Berck and Jonathan Lipow, academics at the University of California, Berkeley, and the Defense Resource Management Institute, respectively. In a recent paper, they argue that it was the Iraqi dinar, and its almost obscene appreciation, that played a crucial role in the decline of insurgent activity, ushering in the current period of relative peacefulness. "[The dinar] played perhaps as large a role as the Surge," Lipow tells AOL News.

Share |      By Randall Parker at 2010 September 12 10:25 PM  Mideast Iraq Insurgency


Comments
yakayaka said at September 13, 2010 1:07 PM:

what Dinar rise.... Did i miss becoming a millionaire??

ASPIRANT said at September 13, 2010 9:06 PM:

If such things are possible, surely we, with all our economic power, can find a way to push that currency up even higher. Maybe that's what we're already doing. Such a genteel kind of warfare. Make your enemies poor so they can't fight you anymore. Stocks and bonds instead of stocks and barrels!

My hope is that the elites in the US really are that smart. Maybe, just maybe, they're on our side, leading us through the madness.

Who am I kidding?


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