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 |
“I wondered a little why God was such a useless thing. It seemed a waste of time to have him. After that he became less and less, until he was... nothingness.”
“I beg the Most High to allow me the favour of the double reward, but if God only finds me worthy of one reward, I will accept it in all humility.”