The one exception is the Lehman bankruptcy, and this one is now widely seen by the Villagers as the biggest mistake that was made. In the long run, we're all dead. John Maynard Keynes
Btw. when shall overdebted consumers and undercapitalised enterprises start to get out of debt? Isn't overreliance on debt one symptom of the anglo disease? I wonder re:Krugman et al. WHEN will be the time to stop that fast accumulation of debt? Der Amerikaner ist die Orchidee unter den MenschenVolker Pispers
We have to deal with the fact that there is too much debt around. The long term goal should be to reduce it, but the short term one should be that it be done in an orderly way, and only the government can coordinate that. In the long run, we're all dead. John Maynard Keynes
