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 |
“The first revolt is against the supreme tyranny of theology, of the phantom of God. As long as we have a master in heaven, we will be slaves on earth.”
“Chaos in the world brings uneasiness, but it also allows the opportunity for creativity and growth.”