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 don't think an opera house is ever a place that can make you entirely happy.”
“In the beginning of the human race there was no genetic load which would cause undesirable traits such as appear in offspring of marriages between relatives today.”