“Because you want to have competition to drive down the price. You want innovation. You have the ability to get people to agree that it's worth having a public plan. You could get private insurers to cover this population, but you couldn't without giving the population leverage in the marketplace.”

“Even the National Bank of Romania doesn't have the huge resources needed to intervene in the market and keep the leu at an acceptable level, because they're drawing close to a floor below which the bank's reserves can't drop. The central bank has to wait for a moment of calm to efficiently conduct i”