Over at Project Syndicate: The Monetarist Mistake
DeLong Smackdown/Monday Worth Reading: Dan Kervick and Matt Bruenig

Liveblogging World War I: March 30, 1915: Diary

Diary March 30, 1915:

Western Front: Flanders: Intelligence officers of XV Corps, French Tenth Army, learn from PoWs that extensive German preparations near Zillebeke east of Ypres to employ ‘asphyxiating gases’ (ie chlorine cylinders). Champagne: Reims Cathedral under bombardment. Vosges: German counter-attack in Fecht valley reaches Herrenberg.

Southern Fronts: Serbia: Austrian river steamer Belgrad tries to break Allied Danube blockade (night 30/31), hits Russian mine and is sunk by Serb 75mm field guns.

Eastern Front: Austrian GHQ morale 'below zero. The Chief (Conrad) never stops grumbling'.

African Fronts: Southwest Africa: McKenzie’s South African Central Force (11,000 men) occupies Aus 80 miles inland from Lüderitz.

Home Fronts: Britain: King offers total alcohol abstinence in Royal Household for duration of war.