There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy.
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Nationality: American Type: Public Servant Born: August 18, 1961 |
“I have strong sentiments toward Iran, since I distinguish between the Iranian regime and the Iranian people. I highly esteem Iranian music and culture.”
“If you look at a magazine and something catches your eye, are you not going to open it up to see what's inside?”