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 |
“When you're a kid, you have this feeling like you're indestructible. Your mortality doesn't even occur to you. But as time goes by, you realize, 'I better cut this out or that out if I want to continue to exist.'”