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 |
“Both expectations and memories are more than mere images founded on previous experience.”
“There is still a difference between something and nothing, but it is purely geometrical and there is nothing behind the geometry.”