A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.
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Nationality: American Type: Businessman Born: 1949 |
“One of the terrific aspects of MIT in those days was the enormous variety of experimental work that either took place there or was talked about in seminars by outside speakers aggressively recruited by the faculty.”